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The Bank of Japan (BOJ) released its new interest rates, the highest since 1995. At the same time, a macro divergence is happening in the global economy across three assets that have been moving together.
That is, the global money supply and equities are near all-time highs (ATH) while Bitcoin and crypto are declining. For instance, BTC has been 56% below its ATH of about $126,000 while Ethereum [ETH] has been down 64% from its peak of $4,953.
Will the hike amplify the drawdown in crypto as it has historically?
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