Crypto breaks higher as BOJ decision clears a macro overhang
Bitcoin and ether climbed above key technical levels on Friday, tracking gains in Asian equities after the Bank of Japan raised interest rates to their highest level in three decades and cooling U.S. inflation data revived appetite for risk assets.
Bitcoin rose above $87,000 in Asia trading, while ether pushed higher alongside broader market strength, as investors looked past the BOJ’s long-telegraphed move and focused instead on easing global financial conditions.
Cardano’s ADA, Solana’s SOL, , bnb and rose as much as 3%, with the broad-based CoinDesk 20 index rising 2%.
The move higher came after a volatile, yet relatively range-bound, session that saw more than $576 million in crypto liquidations…
