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According to TheBlock, the price of Bitcoin is approaching $100000, but Andr é Dragosch, Head of European Research at Bitwise, warns that a stronger US dollar could pose resistance to further Bitcoin gains. He pointed out that historical data shows that Bitcoin usually performs weakly during the appreciation of the US dollar, and the appreciation of the US dollar often means a tightening of global liquidity, which may have a negative impact on Bitcoin's short-term trend. In addition, the expectation that the Bank of Japan (BoJ) may raise interest rates in December has also raised market concerns. Analysis suggests that the expectation of a yen interest rate hike may lead to closing pressure in the "yen arbitrage trade," causing volatility in risk assets including Bitcoin. The recent rise in the Tokyo Consumer Price Index further supports this view, with Bank of Japan Governor Kazuo Ueda stating that the Japanese economy is moving towards sustained wage driven inflation. @gyo
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