Bitcoin Faces 2 December Rate Hikes as Japan’s Inflation Clears the BOJ’s Target

Crypto Insight Summary: Japan’s core inflation rose above the Bank of Japan’s (BOJ) 2% target in September for the first time in nine months. That strengthens the case for a rate hike in December, when the Federal Reserve (Fed) is also expected to move. The BOJ is expected to hold next week. Its guidance on further hikes, though, Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Expected rate hikes by Fed and BOJ increase market uncertainty, pressuring BTC.