Bitcoin Slides as Japan Inflation Fuels BoJ Rate Talk
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- Bitcoin slipped 0.6% to $76,000, ending its recent rally.
- Ether fell 0.8% to about $2,300, underperforming Bitcoin.
- Japan's Corporate Service Price Index rose 3.1% YoY in March, beating the 3.0% forecast.
- Iran war disruptions lifted WTI crude futures above $96, a 40% rise since the conflict began in late February.
- Bank of Japan signaled that rates are heading higher with a June hike in play, prompting yen strength.
Why it matters: Crypto investors lose as Bitcoin drops 0.6% to $76,000 while yen traders gain from the BoJ’s rate‑hike warning that strengthens the yen and drags risk assets lower.
