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BoJ Rate Hike Sparks Crypto Market Optimism

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The Bank of Japan has made its first rate hike in over three decades by increasing its policy rate to 1.25%, marking the highest level since the 1990s.

This move was sparked by a moderate recovery in the economy, as well as rising inflation and a weak yen.

The Bank of Japan's decision is expected to impact the global crypto market, particularly in Japan where on-chain activity has grown significantly over the past year.

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