Bank of Japan (BOJ) has announced that interest rates have increased to 0.5 % in a large jump in 17 years, fueled by the consumer price index by 3.6 % (CPI) exceeding 3.4 %.
The increase in the rise rate coincided with a great increase in encryption prices with Bitcoin to the main altcoins to the profit range of 3 % -6 %. Rally Bitcoin has seen the price of $ 105,000, exceeding ETHEREUM 3,390 dollars. The gains of Altseason Index Blast 53, which prompted investors to an increase of 500 %, may raise the market ceiling to 6.48 trillion dollars.
The last increasing step by BOJ to raise prices to 0.5 % is the first since the 2007-2008 financial crisis. This appears after the high of 25 BOJ Point declared, according to the market expectations. It emphasizes the transformation of policy in Japan, which has not been seen since the 2008 financial crisis.
Market reaction to the high boj rate
The market has been expected for high interest rates with bitcoin bitcoin residency to lead the other altcoins, including ETHEREM, to 3-6 % healthy gains. The US dollar index (DXY) has decreased to give positive conditions to make an ascending path to the encrypted currency.
The striking development was the Japanese yen, which regained strength against the US dollar during the early Asian watches, indicating an increase in market activity.
Move Boj contrasts with Dovish’s position The central bank in Türkiye, where interest rates were reduced by 250 basis points, set the standard by 45 % on Thursday, January 23. Unlike Japan, Türkiye is witnessing a reduction cycle with its annual hyperplasia to 44.38 % last month. The trend shows a continuous decrease towards 5 % in a few months since it reached 75 % in May last year.
While the Central Bank in Türkiye hinted to continue to mitigate in the coming months, Japan is losing its grip on inflation, which enhances the decision of the hawks to raise prices. The consumer price index jumped sharply from 2.9 % to 3.6 %, in the process that penetrates the market expectations by 3.4 %.
The consumer price index (CPI) increased to 3.6 %, which exceeds the market expectations by 3.4 % and with a sharp increase of 2.9 %. The numbers depict increased inflationary pressure most likely to enhance BoJ’s conviction that adopting harsh monetary medicine will save the required effect.
Flexible encryption market amid a high rate
The increase in the rate of 0.25 % of the disturbances it witnessed last year emerge when BOJ announced for the first time a similar step, causing large -scale shock waves in global markets. Thinking about the first grades is revealed by an attempt to counter the trade that carries the yen, drowning altcoins and bitcoin in a declining direction.
The last market reaction was significantly more calm, as the leading encryptions hold. Bitcoin is currently changing in 104,706 dollars, a slight slice of 105100 dollars after getting 3.30 % on the news.
While Bitcoin led the digital assets market to gains, the price was restricted to a narrow range, but it could not build on the momentum during Trump’s inauguration. Bitcoin’s path is suspended to the outbreak of $ 110,000, although it is likely to benefit from an executive order focusing on encryption to test the ambitious goals that analysts predicted.
Altcoins photographed the flexibility at the high rate of BOJ, with ETHEREUM crowd by 6 % to $ 3,390, while the average gains Cardano (ADA), Solana (SOL), and Chainlink (Link) reached 4 %. The gains offered altcoins and renewed optimism in the digital asset market, unlike the year 2022.
Will Boch happen in Golden time, tukin timing?
Thinking about the Bitcoin price movement shows the existence of a counter -relationship between BTC and the US dollar index. Analysts believe that the continuation of this relationship shows a possible golden era for Bitcoin.
The Altseason index swell over 53, indicating the increasing confidence among the encryption investors. Renewed interest in encryption clicks can push President Donald Trump to create digital asset stocks to further payment.
The encryptions expect that Altcoins is ready for the huge upward arrangement, and it may collect 500 % that would raise them to the value of $ 6.48 trillion. This expectation for the Altcoin season on the horizon has many investors who are waiting for Equal growth patterns.
