Forex
BOJ Rate Hike Sends Bitcoin Above $77K
The Bank of Japan raised its benchmark interest rate to 1.25%, marking Japan's highest policy rate in 31 years, and sparking a reaction from Bitcoin.
Bitcoin climbed above $77,000 after the BOJ decision, which was widely anticipated by traders who had already positioned themselves for the 25-basis-point increase.
The yen weakened following the move, with USD/JPY rising to around 156.70, but markets appeared more focused on the broader economic outlook than the rate increases themselves.