Bitcoin price trades flat following Bank of Japan's hawkish policy move

Bitcoin’s price traded flat after the Bank of Japan announced it would loosen its yield curve control.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Bitcoin's price traded flat on Friday after the Bank of Japan announced a discrete way to tighten monetary policy in a move that jolted financial markets.

. The digital asset has stayed within a narrow range between around $29,000 and $31,500 for over a month.would “conduct yield curve control with greater flexibility, regarding the upper and lower bounds of the range and not as rigid limits." The decision signaled the possibility of higher interest rates for an extended period that could pose challenges for risk assets like bitcoin.The BOJ's decision shook markets in Asia, with the Nikkei 225 seeing a dip of 0.4%.

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