The post Is the sudden BoJ flip causing Bitcoin price to crash? appeared on BitcoinEthereumNews.com. Bitcoin price suffered a harsh reversal on Monday, wiping out some of the gains made last week when it soared to $93,000.  Summary Bitcoin price dived below the important support at $85,000. The Bank of Japan’s central bank governor pointed to a rate hike. A hike when the Fed is cutting may lead to unwinding of the carry trade. Bitcoin (BTC) token dived to $84,880, triggering a broader crypto market crash that affected most altcoins. The market capitalization of all coins dropped by ~8% to $2.9 trillion.  One potential reason why Bitcoin price crashed is a sudden flip by the Bank of Japan. In a statement, Kazuo Ueda, the bank’s governor, said that the bank will consider the pros and cons of raising by examining the economy, inflation, and the financial market at home and abroad.  As a result, the Japanese yen rebounded, while government bond yields rose, with the 10-year hitting a multi-decade high of 1.876%. The Nikkei 225 and Topix indices dipped.  A BoJ rate hike will be notable because it will occur while the Federal Reserve is cutting interest rates. This divergence may push investors to unwind their carry trade, which happened last year when the BoJ started to hike interest rates. In July 2024, the Fed cut rates while the BOJ raised rates, leading to the unwind of the carry trade. Bitcoin capitulated into it, and found a low 1 week later. Good chance this happens again on December 10th (Fed cuts, BOJ raises rates). So maybe Bitcoin finds a low mid-Dec? pic.twitter.com/Vd6d3k3fUh — Benjamin Cowen (@intocryptoverse) December 1, 2025 The actions by the BoJ are important because it is the second-biggest central bank globally in terms of assets. It has over $5.8 trillion in assets, second only to the Fed, which has $5.14 trillion.  Bitcoin… The post Is the sudden BoJ flip causing Bitcoin price to crash? appeared on BitcoinEthereumNews.com. Bitcoin price suffered a harsh reversal on Monday, wiping out some of the gains made last week when it soared to $93,000.  Summary Bitcoin price dived below the important support at $85,000. The Bank of Japan’s central bank governor pointed to a rate hike. A hike when the Fed is cutting may lead to unwinding of the carry trade. Bitcoin (BTC) token dived to $84,880, triggering a broader crypto market crash that affected most altcoins. The market capitalization of all coins dropped by ~8% to $2.9 trillion.  One potential reason why Bitcoin price crashed is a sudden flip by the Bank of Japan. In a statement, Kazuo Ueda, the bank’s governor, said that the bank will consider the pros and cons of raising by examining the economy, inflation, and the financial market at home and abroad.  As a result, the Japanese yen rebounded, while government bond yields rose, with the 10-year hitting a multi-decade high of 1.876%. The Nikkei 225 and Topix indices dipped.  A BoJ rate hike will be notable because it will occur while the Federal Reserve is cutting interest rates. This divergence may push investors to unwind their carry trade, which happened last year when the BoJ started to hike interest rates. In July 2024, the Fed cut rates while the BOJ raised rates, leading to the unwind of the carry trade. Bitcoin capitulated into it, and found a low 1 week later. Good chance this happens again on December 10th (Fed cuts, BOJ raises rates). So maybe Bitcoin finds a low mid-Dec? pic.twitter.com/Vd6d3k3fUh — Benjamin Cowen (@intocryptoverse) December 1, 2025 The actions by the BoJ are important because it is the second-biggest central bank globally in terms of assets. It has over $5.8 trillion in assets, second only to the Fed, which has $5.14 trillion.  Bitcoin…