BoJ Rate Hike Sparks Crypto Market Optimism
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.