This is a news story, published by CoinGape, that relates primarily to the Bank of Japan news.
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interest rate hikeCoinGape
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69% Informative
Earlier today , the Bank of Japan announced an interest rate hike along with a reduction in bond purchases.
The development was enough to send jitters in the crypto market, with the Bitcoin price dropping to the crucial support of $ 65,500 and bouncing back above $66,000 in the last 24 hours .
Bitcoin price volatility has shot up bouncing twice from the support of$65,000 levels.
The volatility can increase further going into increase with the Fed meeting later today along with approaching the Bitcoin options expiry.
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