After the Bank of Japan raised interest rates to the highest level in nearly 30 years, the yen exchange rate experienced a stunning decline, and the price of Bitcoin surpassed $88,000. #日元加息

The reason for the yen's weakness is market concerns that the interest rate hike could jeopardize Prime Minister Fumio Kishida's spending plans.

Other cryptocurrencies, including Ethereum, also saw an increase, with the CoinDesk 20 index rising by 1.3%. At the same time, U.S. inflation data suggests that the Federal Reserve may cut interest rates in the future, benefiting risk assets. $BTC

Analysts point out that capital is flowing into artificial intelligence infrastructure, but concerns about revenue generation still exist, affecting the valuation of risk assets. Regulatory developments in the U.S. are expected to further support the cryptocurrency market.