Key Insights

• Bitcoin (BTC) remained stable during the Asian trading hours following the Bank of Japan’s (BOJ) decision to increase the benchmark borrowing cost, marking the highest level in 17 years.
• The BOJ’s policy statement highlighted a positive outlook for wages and indicated a likely continuation of rate increases.

“If the outlook presented in the January Outlook Report will be realized, the Bank will accordingly continue to raise the policy interest rate and adjust the degree of monetary accommodation,” cited ForexLive.

The Japanese yen strengthened over 0.6% to 155.12 against the U.S. dollar after the announcement. In contrast, risk assets, including Bitcoin, displayed resilience, stable above $104,000.

This ongoing strength suggests market focus is shifting towards prospective policy changes under President Trump, especially compared to earlier rate hikes by the BOJ that impacted cryptocurrencies. Recently, Trump signed an executive order aimed at banning a digital dollar while concurrently endorsing crypto and AI developments in the U.S.

Read the full article on CoinDesk.