Bitcoin Price Bounces Off $16,300, Here’s Why

The Bitcoin price slipped further yesterday, falling below the $16,300 level. At $16.285, BTC reached a price last recorded on November 29. However, a surprising windfall occurred when the Bank of Japan (BoJ) announced an unspoken pivot. The BoJ drastically widened its yield curve control band to 0.50% and significantly increased the number of government bonds it will buy each month. In doing so, the central bank sent shockwaves through global markets after unexpectedly revising its policy to control the yield curve. Every economist had expected the BOJ to leave its policy unchanged. BoJ Sends Shockwaves Through All Markets As