Bitcoin rises after Bank of Japan hikes interest rates to a 31-year high
Rate hikes are typically bearish for risk assets like cryptocurrencies, especially from the BOJ, whose long era of ultra-low rates had supported global equity and bond bull markets. The positive crypto reaction likely stemmed from a key dovish element in the announcement: the BOJ’s decision to pause its bond taper. As InvestingLive noted, “The bond...
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