PANews reported on November 29 that the price of Bitcoin is close to $100,000, but André Dragosch, head of European research at Bitwise, warned that a stronger dollar could pose a barrier to further gains for Bitcoin. He pointed out that historical data shows that Bitcoin usually performs weaker during periods of dollar appreciation, and an appreciation of the dollar often means tighter global liquidity, which could have an adverse 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 caused market concerns. Analysts believe that the expectation of a yen rate hike may lead to pressure to close positions in the "yen carry trade", thereby bringing volatility to risky assets including Bitcoin. The recent rise in the Tokyo Consumer Price Index further supports this view. Bank of Japan Governor Kazuo Ueda said that the Japanese economy is moving towards sustained inflation driven by wages.
