Bitcoin, ether pop higher as Japan rate hike lifts Asian risk appetite

The Bank of Japan has lifted its benchmark rate, briefly pushing the 10-year government bond yield to 2% for the first time since 2006. This move has spurred risk appetite across Asian markets, leading to a surge in major cryptocurrencies like Bitcoin and Ether. Investors are responding positively to the central bank's policy shift, increasing their investments in these digital assets. Recent movements indicate that Bitcoin is maintaining solid support in the market, with Ethereum showing a similar trend. As traders explore opportunities for upward movement, they must closely monitor the central bank's future policies, as this interest rate hike could significantly alter the dynamics of Asian markets and influence upcoming price movements.