Viewpoint: Bank of Japan's Dovish Signal Could Be Key Boost for This Round of Bitcoin Rebound

BlockBeats News, April 14, Bank of Japan Governor Kuroda Haruhiko sent a dovish signal, indicating a more cautious stance amid the uncertainty of the impact of the Iran war on the Japanese economy, providing support for Bitcoin's breakthrough of $74,000.

In recent years, the Bank of Japan's interest rate hikes have repeatedly caused turbulence in the crypto market. On August 5, 2024, an unexpected interest rate hike by the Bank of Japan triggered a yen carry trade unwinding, causing Bitcoin to plummet from $64,000 to $49,000 within 48 hours. On the 28th of this month, the Bank of Japan will hold a monetary policy meeting. (CoinDesk)