Skip to main content
BTC / USDTCRYPTO107,400+2.19%ETH / USDTCRYPTO3,840+2.13%SOL / USDTCRYPTO182.40−1.99%BNB / USDTCRYPTO652.30+0.66%XRP / USDTCRYPTO2.2150+1.61%DOGE / USDTCRYPTO0.3850−1.79%TON / USDTCRYPTO5.240+2.34%AVAX / USDTCRYPTO42.60−2.07%LINK / USDTCRYPTO22.40+2.28%ADA / USDTCRYPTO1.0520−1.68%TRX / USDTCRYPTO0.3300+0.92%DOT / USDTCRYPTO8.420+2.93%BTC / USDTCRYPTO107,400+2.19%ETH / USDTCRYPTO3,840+2.13%SOL / USDTCRYPTO182.40−1.99%BNB / USDTCRYPTO652.30+0.66%XRP / USDTCRYPTO2.2150+1.61%DOGE / USDTCRYPTO0.3850−1.79%TON / USDTCRYPTO5.240+2.34%AVAX / USDTCRYPTO42.60−2.07%LINK / USDTCRYPTO22.40+2.28%ADA / USDTCRYPTO1.0520−1.68%TRX / USDTCRYPTO0.3300+0.92%DOT / USDTCRYPTO8.420+2.93%
AboutTraders FairTraders Awards
/
Pricing
Get started→
cryptoJun 16, 2026, 7:45 AM

BoJ Hikes to 1%, Bitcoin Unfazed as Playbook Changes

The Bank of Japan raised rates to 1.0%, yet Bitcoin remained near $66k, contrasting the sharp drop in August 2024. Four factors explain why the impact was muted this time.

BTCUSDUSDJPY

The Bank of Japan hiked 25 basis points to 1.0% today, the highest since September 1995. Despite the move, the Nikkei 225 surged past 70,000 for the first time, USD/JPY held above 160, and Bitcoin barely flinched at ~$66k. In August 2024, a similar-sized hike sent BTC from $65k to $50k in a week.

Four reasons this playbook broke:

  • Hike was priced in: Polymarket odds sat at 98–99% before the meeting.
  • Carry trade structure changed: Net JPY shorts collapsed from ~180k to flat in five weeks during the 2024 unwind. Today’s 145k shorts are extreme, but hedged carry has been negative since mid-2022.
  • BTC already low: Price is 50% off October highs, and $4.4B in ETF outflows over 13 sessions cleared out leverage.
  • Real rates are deeply negative: The carry trade is no longer the marginal driver for Bitcoin.

Source: Cointelegraph