Nikkei Jumps 2.5% As BOJ Hints to Pause Rate Hike, Crypto Market Rally Ahead?

Quick Summary:

In another stimulus to the global equity market, the Bank of Japan’s governor Shinichi Uchida said that the central bank might consider pausing its interest rate hike decision from last week if they see major instability in the markets.

The Nikkei 225 Index surged by another 2.5% on Wednesday shooting past 35,000 levels.

As of press time, the Bitcoin is up by 3% shooting to $57,250 levels.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaJapan

Topics: Bank of Japan 24/7 Cryptocurrency News Rate cuts US recession Bitcoin (BTC) Price Nikkei 225

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 05:00:05 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 435 words

Reading Time: 3 minutes read

Sentences: 39 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21965901

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