The Bank of Japan has increased its short-term policy rate by 25 basis points, bringing it to 0.75%. According to reports, this is the highest rate in almost three decades. The cryptocurrency Bitcoin reacted to the news. The Japanese Yen also experienced a slide in value following the announcement. The market is closely watching how these macroeconomic factors influence the broader crypto landscape.

The Bank of Japan has increased its short-term policy rate by 25 basis points, bringing it to 0.75%. According to reports, this is the highest rate in almost three decades. The cryptocurrency Bitcoin reacted to the news. The Japanese Yen also experienced a slide in value following the announcement. The market is closely watching how these macroeconomic factors influence the broader crypto landscape.