BTC climbed 0.86% to $66,370 after the Bank of Japan hiked rates, reversing earlier losses amid extreme market fear.
Bitcoin recovered to $66,370, up 0.86%, after the Bank of Japan raised interest rates to their highest level in 31 years. The move followed early-session declines, with traders citing the rate hike as a potential catalyst for the rebound.
Earlier, BTC had dipped below $66K, reflecting broader market caution. Ethereum rose 2.9% to $1,769, while the total crypto market cap stood at $2.37 trillion. The Fear & Greed Index remained at 23, signaling extreme fear among investors.
Altcoins showed mixed performance, with small-cap tokens like Lobster (+52.8%) and Synapse (+44.1%) leading gains. Meanwhile, MicroStrategy’s Michael Saylor acquired 1,587 BTC for $100 million, reinforcing institutional demand.