The Bank of Japan raised its short-term policy rate by 25 basis points to 0.75%, highest level in the last 30 years, a unanimous move aligned with market expectations, while signaling that overall monetary conditions remain accommodative. Policymakers reiterated that real rates will stay at exceptionally low levels and further hikes will depend on improving inflation and economic trends. Despite the modest tightening, crypto markets continued their decline, with Bitcoin briefly slipping below the $86,000 mark and Ethereum hovering near $2,800. Sector-wise, the AI token complex led losses with a 5.34 percent drop, while heavy declines were also recorded across CeFi, Layer 1, DeFi, PayFi, Layer 2, and Meme segments. A handful of tokens bucked the trend, including Zcash, Beldex, and Bitcoin Cash.
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The post [LIVE] Crypto Market Update: Bank of Japan Raises Rates by 25 bps; Crypto Markets Extend Slide as BTC Breaks Below $86K appeared first on Cryptonews.
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