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The cryptocurrency market started trading lower this week, with most major tokens slipping into the red. Bitcoin hovered near $89,300, down around 1% on the day, while Ethereum traded close to $3,119 with losses. Other large-cap tokens such as BNB, XRP and Solana also shows mild declines.
Analysts pointed to the Bank of Japan (BoJ) as the primary macro driver. With a policy decision due next week, prediction markets on Polymarket now assign a 98.2% probability to a rate hike. A stronger Yen typically unwinds the “carry trade,” historically acting as a dampener for global risk assets, including crypto.
Read The Full Article Top 7 Token Unlocks to Watch This Week as Crypto Market Braces for Bank of Japan Rate Hike On Coin Edition.
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