Bitcoin sell-off toward $60K may resume as Japan hikes interest rates
Cointelegraph 2026-06-16 12:37:06
Context: The Bank of Japan has raised interest rates to their highest level since 1995, a move that is putting global liquidity back in focus and potentially impacting the price of Bitcoin. This development has traders anticipating a possible sell-off in the cryptocurrency market, with some predicting a decline of 26% to 38% in the price of Bitcoin. The potential sell-off could drive the price of Bitcoin toward $60,000.
Key Facts
The Bank of Japan has raised interest rates to their highest level since 1995, a move that is expected to