Monero Prices Soar Past $575 Amid BOJ Rate Hike
Monero's price has surged past $575 after the Bank of Japan raised its policy rate to 1.25%, the highest level in 31 years.
The rally shows that asset-specific demand can overcome macro pressure, despite global tightening raising concerns about liquidity across risk assets.
XMR traded as high as approximately $630 during the session before pulling back, demonstrating both strong demand and substantial volatility.