The Bank of Japan raised interest rates to a 31-year high, yet Bitcoin climbed above $66,500 and gained about 1.5 percent in 24 hours.
Bitcoin moved from around $65,600 in Asian trading to more than $66,500 during European hours after the central bank action. Several altcoins posted larger gains, with Stellar’s XLM, Injective’s INJ and Uniswap’s UNI each advancing between 13 percent and 16 percent.
Market data showed renewed risk appetite. Total 24-hour crypto trading volume jumped 51 percent to $207 billion, open interest rose 2.4 percent to $113.41 billion and liquidations increased 64 percent to $561 million, mostly from short positions.
Analysts noted that the rate increase produced no meaningful disruption in crypto prices. Funding rates remained near zero and implied volatility indexes for Bitcoin and Ether largely reversed earlier spikes.
Avalanche’s AVAX drew negative sentiment as traders shifted attention toward faster-growing chains, though some observers view the pessimism as a possible contrarian signal.
