
Markets2m read
Bitcoin Climbs as Bank of Japan Raises Interest Rates to 31-Year High
Bitcoin's price rose after the Bank of Japan increased its key interest rate to 1%, marking its highest level in 31 years and a shift from ultra-loose policy.

Bitcoin's price rose after the Bank of Japan increased its key interest rate to 1%, marking its highest level in 31 years and a shift from ultra-loose policy.

Historical data indicates that Bank of Japan interest rate hikes have consistently led to an average 22.5% Bitcoin price sell-off, prompting vigilance for its next policy decision.