Ethereum Down 19% In A Month: Could Japan’s Rate Hike Spark a Rally?
Posted On February 24, 2025
Ethereum (CRYPTO: ETH) has seen a 19% decline over the past month, but traders are positioning for a potential rally.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Ethereum (CRYPTO: ETH) | $2,683.09 | $323.5 billion | -4.4% | -3.1% |
| Bitcoin (CRYPTO: BTC) | $95,838.47 | $1.9 trillion | -0.1% | -0.5% |
| XRP (CRYPTO: XRP) | $2.47 | $143.8 billion | -3% | -7.5% |
Trader Notes: Historically, ETH experiences a sharp wick within two weeks of a Bank of Japan (BoJ) rate hike, according to analyst Benjamin Cowen in a podcast published on Monday.
He attributes this to the broader impact of monetary policy on risk assets. In January 2025, the BoJ hiked its interest rates not seen since 2008 financial crisis. The next rate hike is likely expected in …
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