Cryptocurrency bear market deepens, exchanges tense over BOJ interest rate hike signals

retroactive_airdrop · 2026-01-13T08:49:34+00:00

The cryptocurrency market is experiencing instability, with Bitcoin at $92,160, up 1.75% yet influenced by macroeconomic concerns. Factors include potential interest rate hikes by the Bank of Japan, leading to capital outflows and diminished investor sentiment. Bitcoin is testing the $86,000 support level, with risks of further declines to $74,000 if breached. Investors remain cautious, monitoring economic indicators and central bank policies.

retroactive_airdrop

2026-01-13 08:49:34

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The cryptocurrency market has recently shown unstable movements. Bitcoin is currently trading around $92,160, and despite a 1.75% increase over the past 24 hours, it remains affected by macroeconomic headwinds.

Background of the Market Downtrend: Concerns over Interest Rate Hikes and Asset Outflows

The recent downturn in the cryptocurrency market is primarily triggered by the possibility of interest rate hikes by the Bank of Japan. As liquidity tightening fears spread, capital inflows into risk assets like cryptocurrencies have sharply declined. The market fear and greed index entering the fear zone indicates a significant deterioration in investor sentiment.

Last week, a decline of 5~10% was observed, and this bearish trend is further compounded by the overlap with the futures and options expiration scheduled for December 19, adding additional selling pressure.

Technical Analysis: Warning of Support Level Breakdown

Currently, Bitcoin is testing the $86,000 support level. If this level breaks, further declines are feared, and in an extreme scenario, a drop to the $74,000 range cannot be ruled out.

Cryptocurrency investors are carefully managing their positions while monitoring macroeconomic indicators and changes in central bank policies.

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