The Bank of Japan announced a 25 basis point rate hike to 0.1%, the highest level in 31 years. This decision has significant implications for the Japanese economy and currency.
Source
"BOJ Rate Hike Sends Yen Plummeting, Bitcoin Soars" — CoinDesk
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.
The yen, which has been under pressure in recent months, continued its decline, falling to a new low. This weakness in the yen has made Japanese assets, including Bitcoin, more attractive to investors.
BTC · 7D · $82,859+1.6%