The post Bank of Japan Keeps Rates Unchanged: Bitcoin and Altcoins Surge! appeared first on Coinpedia Fintech News
Another bullish event for crypto! The Bank of Japan (BOJ) has decided to keep interest rates steady at 0.25%, easing fears of a Yen carry trade unwinding. This decision spurred the Nikkei index to rise by 2.10%. As a result, Bitcoin climbed 3%, nearing $64,000, while altcoins like Ethereum saw gains between 4-10%. BOJ officials hinted at future rate hikes if inflation trends positively, fueling optimism in risk-on assets like cryptocurrencies. Analysts note a healthy recovery in the crypto market, signaling potential for further upside as Ethereum eyes a rally toward $5,000.