BTC Price News: Bitcoin, Ethereum, ADA Pop Higher as Japan Hikes Lift Asia Markets

Bitcoin surpassed $87,000 and Ether climbed higher as Asian markets rallied following the Bank of Japan's decision to raise interest rates to their highest level in three decades. Investors focused on the easing global financial conditions rather than the long-anticipated BOJ move, which saw the 10-year government bond yield briefly hit 2% for the first time since 2006. This positive sentiment was mirrored across broader crypto assets, with ADA and SOL gaining, and the CoinDesk 20 index rising 2%. The rally was also supported by softer U.S. inflation data, which reinforced expectations of future Federal Reserve rate cuts, and a strong outlook from Micron Technology. Despite the gains, traders remain cautious, noting that the recent bounce is driven more by macro relief than strong conviction, leaving crypto vulnerable given year-end liquidity conditions.

(Source：CoinDesk)