The news of the yen's interest rate hike has triggered a chain reaction in the global financial markets, and changes in capital flows are quietly rewriting the rules of the game. When the yield on the yen rises, profit-seeking funds begin to look for new destinations, and liquidity in the crypto market is inevitably affected.

In the short term, investors may become more cautious about high-risk assets. The volatility of Bitcoin and other digital currencies might increase during this period, and market sentiment will also become more sensitive. This is a reality and a common market reaction pattern.

But here’s an interesting twist. The inherently decentralized nature of cryptocurrencies, combined with their independence from direct control by traditional monetary policies, actually makes them stand out at critical moments like this. As more people begin to doubt the stability of the existing financial system, assets like Bitcoin and Ethereum may be re-evaluated and become alternative options for some safe-haven funds.

The collision between central bank policy adjustments and emerging digital assets is both a test and an opportunity. Ultimately, the direction depends on market consensus—whether investors truly believe in the value of these assets.