Basic consumer inflation in Japan reached 3.2 %in January. Market players focus on the possibility that the Central Bank of Japan (Boj) may go to interest rate hike. This expectation leads to fluctuation in global financial markets, while making it feel the effect in the crypto currency market. Bitcoin $98,663.61 And price movements in subcoins show uncertainty.
Bitcoin is watching $ 98,000
Bitcoin is traded at $ 98,388, increasing 1.3 %in the last 24 hours. Bitcoin, which has long been moved in the band of $ 90,000 to 100,000 for a long time, has not been able to clearly determine its direction. Analyst Rek Capital, Bitcoin’s weekly closing is over $ 97,000, if the rise trend may continue, he said.
Bitcoin demand is observed in the last two months. Since December, the recipient interest has been weakened. Julio Moreno, Cryptoquant Chief Research Officer, said Bitcoin has not reached new peaks and that demand has decreased visibly. Market experts think that low demand in Bitcoin may affect short -term price movements.
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Altcoins can be moved after consolidation
The Altcoin market experienced a harsh decline in early 2025 after a strong rise in 2024. Horizontal course on the market is considered by analysts as a new break. Analyst Patrick H, altcoins, depends on the levels of support and resistance, and the rise trend may begin if the channel is broken, he said.
Japanese yen transportation process continues to be effective on global financial markets. The expectation that inflation may rise from 3.6 %to 4 %strengthens the idea that the Central Bank of Japan may go to interest rate hike. Taro Saito from the NLI Research Institute predicted that Japanese core inflation would be around 3 %in the first half of the year.
In the USD/JPY parity below the critical 150 level, it can create a bull trap according to Analyst James Stanley. The increase in Japanese inflation and possible interest moves lead to uncertainty in the markets. The crypto currency market is also likely to be affected by this process. Investors should be careful against possible volatility and focus on risk management.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
