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Japan Raises Interest Rates, Bitcoin Rises 3% Amid Market Calm

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BTC
$88,614.900.37%
Bitcoin news broke as Japan’s Bank of Japan raised short-term interest rates by 25 basis points to 0.75%, the highest since 1995. The move, in line with expectations, saw Bitcoin analysis show a 3% rise in 24 hours, pushing BTC to $88,000. The rate hike may impact global liquidity and digital assets via the carry trade. Volatility could rise after Western markets open. Lower U.S. inflation at 2.7% annually may weaken the dollar, supporting Bitcoin further.
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