So what happens with Crypto hoarding companies like MSTR and likes when this happens?
Their movements bear greatly exaggerated correlation to the prices of the cryptos they are proxy of.
Bitcoin price at risk of a crash to $75 as a major BoJ risk looms
Bitcoin price remained under intense pressure this weekend, and may be at risk of a deeper dive, potentially to $75,000 ahead of the Bank of Japan interest rate decision.Bitcoin price could be on the verge of a strong bearish breakout.Odds of BoJ rate hike have jumped to 98% this week.Technical analysis suggests that the coin will drop further soon.Bitcoin , the original cryptocurrency, was stuck at the psychological point at $90,000. This price is about 29% below its highest point this year, a sign that it remains in a deep bear market.The coin may crash this week as investors anticipate the upcoming Bank of Japan rate hike on December 19. Data on Polymarket show that there is a 98% probability that the bank will hike rates by 5 basis points as it combats the elevated inflation.The upcoming BoJ rate hike is notable for a few reasons. First, it will reinforce its independence as Sanae Takaichi, the current prime minister, favors low interest rates.A plunge below that level will point t
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