MARKETS REBOUND AFTER BANK OF JAPAN RATE HIKE 🇯🇵

The Bank of Japan raised interest rates by 25 basis points to 0.75%, the highest level in 30 years, according to Bloomberg.

Despite the hike, #Bitcoin moved higher alongside U.S. stock futures as markets priced in no further global policy tightening.

Bitcoin and #Ethereum reclaimed key technical levels, supported by stronger Asian markets and softer U.S. inflation data, reinforcing expectations for future 🇺🇸 Fed rate cuts.

#Bitwise CIO Matt Hougan summed it up well: the global macro backdrop for crypto is “mixed and confused.”

Japan hiking is a headwind, while potential U.S. rate cuts remain a tailwind.$BTC