Bitcoin rebounds on Japan rate hike as Arthur Hayes sees dollar at 200 yen

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Bitcoin (BTC) aimed for $88,000 connected Friday aft Japan’s cardinal slope raised involvement rates to 30-year highs.

Key points:

Bitcoin joins US stocks futures heading higher successful a curiously bullish absorption to Japan’s interest-rate hike.
Commentators reason that nary further hikes volition hap owed to economical forces.
Bitcoin continues to hammer retired a bottommost connected longer timeframes.

Arthur Hayes eyes BTC price, yen surge

Data from Cointelegraph Markets and TradingView showed 2.5% BTC terms gains versus the regular open.

In enactment with expectations, the Bank of Japan (BoJ) hiked rates to around 0.75% connected the day, marking their highest levels successful 3 decades and ending the country’s latest play of “cheap” money.

Against a backdrop of planetary central-bank argumentation easing, Japan’s determination stood out. While the hike was notionally a headwind for crypto and hazard assets, reactions were optimistic.

“Don’t combat the BOJ: -ve existent rates is the explicit policy,” Arthur Hayes, erstwhile CEO of crypto speech BitMEX, told X followers.

“$JPY to 200, and $BTC to a milly.”

Hayes was 1 of respective commentators who saw the hike arsenic yet bullish for plus holders.

Continuing, the probe task Temple 8 Research flagged an emerging standoff betwixt marketplace expectations and economical world successful Japan.

“The marketplace sees a hawkish pivot. We spot a governmental ceiling,” it summarized successful a blog post past week.

Temple 8 predicted that rates would not emergence again earlier 2027 to support the yen and debar accrued involvement payments connected Japan’s latest $140 cardinal stimulus package.

“You cannot level the state (Fiscal Stimulus) portion slamming the brakes (Rate Hikes),” the station added.

“If rates spell to 1.5%, involvement payments connected this caller indebtedness explode.”

Bitcoin lacks “true capitulation event”

Bitcoin frankincense joined US stocks futures heading higher up of Friday’s Wall Street open.

At the clip of writing, Nasdaq 100 futures were up 1.5%, portion the S&P 500 sought a rebound aft level performance.

“With information remaining beardown immoderate measures of capitalist sentiment shifting backmost to showing fear, that’s a affirmative backdrop to spot a rally successful the last weeks of the year,” trading assets Mosaic Asset Company forecast successful a blog station Thursday.

“While the S&P 500 is trading anemic recently, the 2nd fractional of December tends to beryllium affirmative from a humanities seasonal standpoint.”

At the aforesaid time, BTC/USD deed a debased of $84,390 amid volatility pursuing the surprise US ostentation data.

Traders remained highly cautious, with calls for further enactment retests commonplace connected societal media.

Possible speedy trial of 80K underway. $BTCUSD pic.twitter.com/KGL61fKOwD

— Aksel Kibar, CMT (@TechCharts) December 18, 2025

“Bitcoin is presently hammering retired a bottom, but the process is acold from over,” onchain analytics level Checkonchain warned connected the day.

Checkonchain singled retired $81,000, the outgo ground for the US spot Bitcoin exchange-traded funds (ETFs), arsenic a cardinal enactment successful the sand.

It added that the marketplace was yet to witnesser a “true capitulation event.”

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