Bitcoin Faces 2 December Rate Hikes as Japan’s Inflation Clears the BOJ’s Target

Japan’s inflation has exceeded the Bank of Japan’s 2% target, adding pressure for a December rate hike as markets also weigh a possible Federal Reserve increase. The prospect of tighter policy in both countries could strengthen the yen and dollar while reducing appetite for risk assets. For Bitcoin, that raises the risk of near-term volatility and selling pressure, though the outcome will depend on central-bank decisions and market expectations.