Bitcoin Remains Stable Above $34K Following BOJ's Hawkish Move

Bitcoin remains above $34,000 as the Bank of Japan (BOJ) eases its grip on the yield curve control (YCC) program, allowing for more yield fluctuations and reducing the need for liquidity-boosting bond purchases. The BOJ's move is seen as a shift away from the dovish YCC program, which has been a significant source of liquidity since 2016. The International Monetary Fund (IMF) has urged the BOJ to abandon YCC and prepare for eventual tightening or rate hikes.