Bitcoin Holds Steady After Japan Rate Hike

Bitcoin Steady After Bank of Japan Rate Hike

• The Bank of Japan raised its benchmark borrowing cost to the highest level in 17 years.
• The Japanese yen increased over 0.6% to 155.12 against the U.S. dollar following the rate decision.
• Bitcoin remained stable, trading above $104,000 during Friday’s Asian hours.
• The S&P 500 futures also showed little change.
• President Trump signed an executive order promoting crypto and AI innovation in the U.S.

Despite the Bank of Japan’s rate hike, Bitcoin held steady above $104,000, and risk assets like S&P 500 futures remained unchanged, indicating market resilience.