Crypto Scenario Insights
What happened
The Bank of Japan raised its benchmark rate to 1%, its highest level since 1995. Despite historical precedents of yen carry trade unwinds disrupting risk assets, Bitcoin held steady near $66,000, supported by a reduction…
What we think
The Bank of Japan's rate hike to 1% is highly unlikely to trigger a systemic crypto selloff in the short term, with a 55% probability of continued consolidation.
Read the analysis
Japan's Rate Hike Hits 30-Year High: Why the Yen Carry Trade Failed to Trigger a Crypto Selloff
We explain what happened and what could follow. We do not forecast prices.