Bitcoin and Ether Rise as Japan Rate Hike Boosts Asian Market Sentiment
Bitcoin and ether experienced gains following Japan's decision to raise its benchmark rate, which subsequently increased the country's 10-year government bond yield to 2% for the first time since 2006. The development appears to have positively influenced risk appetite within Asian markets, contributing to the upward movement in Bitcoin and ether prices. The rate hike by the Bank of Japan signals a shift in monetary policy that is being closely watched by investors globally for its potential impact on financial markets and asset valuations.
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