Summary
- Bitcoin (BTC) was down 0.75% from the previous day to $89,414, and was said to be trading in a range around $90,000.
- An analysis said sentiment toward Bitcoin has moved into a more stable zone after the Bank of Japan (BOJ) kept its policy rate unchanged and a slowdown in inflation was confirmed.
- CoinDesk said that while digital-asset investors are staying on the sidelines due to Japan’s inflation slowdown, vigilance over the future direction of monetary policy is also persisting.
With Japan’s macroeconomic indicators released on the day, investor sentiment toward Bitcoin (BTC) remained on the sidelines.
As of 4 p.m. KST on the 23rd, Bitcoin was down 0.75% day on day at $89,414 on CoinMarketCap. Bitcoin briefly broke above $90,000 intraday, but has since given up those gains.
Analysts say sentiment toward Bitcoin has moved into a more stable zone after the Bank of Japan (BOJ) kept rates unchanged and a slowdown in inflation was confirmed.
The BOJ said it decided to maintain its benchmark short-term policy rate at the current level of 0.75% at its two-day monetary policy meeting that concluded on the day.
CoinDesk, a digital-asset (cryptocurrency) news outlet, said, “With Japan’s inflation slowdown confirmed, digital-asset investors appear to be staying on the sidelines,” adding, “However, with assessments that inflationary pressures have yet to be fully resolved, vigilance over the future direction of monetary policy is also being maintained.”
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
