The Bank of Japan raised interest rates to 0.25% and cut bond purchases to ¥3 trillion ($19.6 billion) by Q1 2026. This marks the first positive interest rate in two decades, spiking volatility in Bitcoin, equities, and the Yen.
Bitcoin bounced from a support level of $65,500 to over $66,000, influenced by the Fed meeting and Mt. Gox moving $3.15 billion in BTC. Ethereum flirted with $3,300, while XRP surged 9%.
Analysts predict a 25 basis points rate cut by the Fed in September, although no major changes are expected in today's meeting.
