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.
$BTC and $ETH 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.
ETH
2,994.96
+7.13%
BTC
88,219.24
+3.65%