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What's Next for Bitcoin and Altcoins As BoJ Hikes Rate to 17-Year High

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Summary
Nutrition label

60% Informative

Bitcoin price jumps despite BOJ announcing 25 bps rate hike to levels level not seen since 2008 financial crisis.

Bitcoin and altcoins are showing resilience amid weakening U.S. Dollar Index ( DXY ) Bitcoin price is trading 2.69% up at $ 104,624 with daily trading volumes jumping 76% to more than $101 billion .

Unlike July 2024 , fears of yen carry trade unwinding are minimal due to reduced profitability in leveraged trades.

Bitcoin needs to break $ 106 K level to trigger a rally to fresh all-time highs of $ 110 K and beyond.

BTC At $ 104 K, Altcoins Mainly Flux, MNT Up 10% - What’s Next for Bitcoin and Altcoins As BoJ Hikes Rate to 17-year high.

US SEC Rescinds Crypto Accounting Rule SAB 121 after Gary Gensler ’s exit.

Semler Scientific Plans Additional $75M To Expand Bitcoin Strategy.

VR Score

38

Informative language

25

Neutral language

27

Article tone

formal

Language

English

Language complexity

38

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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