Bitcoin prices showed little change despite the U.S. Federal Reserve’s recent interest rate cut. Data from CryptoQuant reveals a decline in the number of sellers in the market, with large investors, known as “whales,” withdrawing their cryptocurrencies from exchanges, resulting in reduced selling pressure. This indicates that investors do not anticipate significant volatility in the near term. Meanwhile, global financial markets are closely watching the upcoming meeting of Japan’s central bank, whose policy decisions could impact global liquidity. Changes in Japan’s monetary policy may influence the global economy and financial markets, given the country’s significant role in the Asian and international investment landscape. The Fed’s rate reduction aims to support the U.S. economy by encouraging investment and consumer spending, yet crypto market fluctuations have remained limited. Investors are now focused on Japan’s forthcoming decisions, as these could notably affect global financial flows and cryptocurrency prices. Moving forward, shifts in Japan’s banking policies and the broader global financial environment may impact cryptocurrency markets, urging investors to remain cautious amid potential unexpected volatility stemming from changes in global financial policies.
Source: coindesk
