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Bank of Japan lifts policy rate to 1.25% as Bitcoin trades above $77,000

43h agoBy ClusterWire.news· AI-assisted news brief

The Bank of Japan raised its policy rate by 25 basis points to 1.25%, with the decision approved by a 7–2 vote; the BOJ said Japan’s economy is recovering moderately and that underlying inflation is gradually approaching its 2% price stability target, adding that it will continue raising rates and adjust monetary easing if its outlook is realized [1].

CoinDesk reported that following the BOJ’s 25 bps rate hike to 1.25%, the yen fell and Bitcoin rose to top levels around $77,000 [2].

Crypto.news said Bitcoin traded above $77,400 after the BOJ lifted rates to 1.25%, and reported that spot Bitcoin ETFs saw $159.5 million in net flows while price momentum cooled [3].

Coinpedia characterized the crypto reaction as positive after the BOJ raised the key rate to 1.25% [4].

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