In tune with the market expectations, the Bank of Japan (BoJ) has announced another 25 basis points interest rate hike taking it to 0.5%. Japan is seeing this interest rate level for the first time in 17 years after the 2008 financial crisis. It seems that the market has already factored in the news beforehand as the Bitcoin price, along with top altcoins, seems to be heading north by 2-4%. Additionally, the U.S. dollar Index (DXY) is down which could bode well for BTC and crypto.
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