How Japan Monetary Policy Will Impact Bitcoin, Ethereum Price
The Bank of Japan Governor Haruhiko Kuroda on Tuesday pinalaki its target range for 10-year yields to 50 basis points from 25 to add flexibility to the central banks monetary policy. However, this caused global stock markets to fall sharply. The Index ng US Dollar (DXY) falls to 103.96 and futures tied to Dow Jones, S&P 500, and Nasdaq 100 are down nearly 1%. The crypto market also reacted to it. U.S. economist Peter Schiff stated t How It Impacted Crypto Market The crypto market stabilized slightly after Bitcoin and Ethereum prices jumps over 2% from the bottom. However, the Bank of Japan monetary policy change could impact crypto prices in 2023. Bitcoin (BTC) price currently trades at $16,816. The 24-hour low and high are $16,398 and $16,8362, respectively. The trading volume has increased by nearly 65% in the last 24 hours. The further decline in the U.S. dollar as Yen strengthens could raise prices in short term. Ethereum (ETH) price is currently trading at $1,207, moving up over 2% in the last 24 hours. The 24-hour low and high are $1,160 and $1,210, respectively. The trading volume rose nearly 50%. Altcoins such as Dogecoin, Shiba inu, Cardano, and XRP have witnessed some upside moves as