Bitcoin rises after BOJ hikes rates 25 bps to 1%, a 31-year high
SYN
0.0468
-0.84%
SPCXB
209.77
+12.43%
NVDAB
--
--
Bitcoin reversed early Asian-session losses and rose from about $65,600 to $66,000 after the Bank of Japan lifted its policy rate by 25 basis points to 1% from 0.75%, the highest level since 1995. The decision hit the wires around 3:19 UTC on June 16, according to CoinDesk, and included signals the BOJ could tighten further if inflation accelerates, while pausing its bond taper and fixing monthly JGB purchases around 2 trillion yen. The yen weakened to 130.35 per U.S. dollar from 130.