Crypto Market on Edge As BoJ Follows US Fed on Interest Rate Cuts

The global crypto market is bracing for impact after the Bank of Japan decided to hold interest rates steady, following a similar move by the US Federal Reserve. The BOJ held its benchmark interest rate at approximately 0.5% after a two-day meeting, mirroring the US Federal Reserve’s decision to keep rates steady for a fifth time. Is a downturn looming in the crypto market?