Japan's consumer prices in November rose 2.9% year-on-year, exactly in line with expectations. This inflation data is relevant to the crypto market, as the Bank of Japan's monetary policy decisions directly impact global capital flows into digital assets.

When we see stable inflation figures in major economies, the appetite for alternative stores of value like Bitcoin and other blockchain assets tends to remain significant. Traders continue to watch how these economic indicators affect interest rates and, consequently, the adoption of cryptocurrencies as an inflation hedge.

This consumer price movement in Japan adds to other macroeconomic indicators shaping the sentiment of the global crypto market.