Hawkish comments from the Bank of Japan sent shockwaves through crypto markets, triggering a sharp Bitcoin sell-off as traders reassess risk, while altcoins also slipped amid rising yield expectations.
Bank of Japan may signal a rate hike in December, sources say, as officials weigh tighter policy to curb inflation. Markets monitor BOJ communications for forward guidance and timing of any shift.
In a groundbreaking move, Japan has introduced a system allowing residents to earn XRP without any yen expenditure. This innovative approach aims to enhance cryptocurrency accessibility and engagement, marking a significant step in Japan’s digital finance landscape.