Bitcoin (BTC) faced a potentially volatile day on Jan. 18, with multiple macro triggers beginning to unsettle the outlook.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBoJ refuses to hike
The pair remained cool amid news from Japan, where the central bank — the Bank of Japan (BoJ) — had decided to keep an ultra-easy policy in place, defying expectations of an interest rate hike.
In doing so, both the Japanese yen and the United States dollar took a hit in the latest chapter of a saga closely watched by crypto commentators.
“In keeping its key rate and yield curve control policy unchanged at today’s meeting, the Bank of Japan probably wanted to convey