BOJ's Uchida Downplays Rate Hike Concerns Amid Market Volatility, Bitcoin and Stock Futures Rise
Bank of Japan's Uchida has dismissed worries about a rate increase despite market turbulence. Following Uchida's remarks, the yen, which is considered a safe-haven asset, weakened while bitcoin and stock futures gained. This renewed optimism suggests that the upcoming "death cross" pattern for bitcoin, which is typically bearish, may actually lead to a bullish trend, as it did in September 2023.
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