98% probability! Polymarket predicts the Bank of Japan's rate hike in December is imminent

【Blockchain Rhythm】The betting games on Polymarket have been quite lively recently. The Bank of Japan will announce its interest rate decision next Friday, (December 19). Currently, the prediction market indicates a 98% chance that the Bank of Japan will raise interest rates by 25 basis points in December, and only a 2% chance of keeping rates unchanged. It’s almost a certainty.

What does this mean for the crypto market? The policy moves of the Bank of Japan often influence global capital flows. Once the rate hike is implemented, it could put pressure on risk assets, and the crypto market is likely to be affected as well. Many traders are closely watching this decision, and it seems that the interaction between traditional finance changes and the Web3 market is becoming increasingly tight.