Kind of wild how even a small move from the BoJ still gets crypto moving. The hike itself wasn’t a shock but Japan slowly stepping away from ultra-easy policy feels like one of those background shifts that markets keep trying to price before it actually shows up anywhere obvious. Bitcoin ticking up here feels less like confidence and more like everyone constantly recalibrating what ‘tightening’ even means anymore

Global macro does something, crypto flinches, same show, new episode

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