Bitcoin and Ethereum Surge as Japan's Rate Hike Boosts Asian Market Sentiment

Bitcoin (BTC) and Ethereum (ETH) experienced notable gains, riding a wave of increased risk appetite across Asian financial markets. This upward movement follows the Bank of Japan's decision to raise interest rates for the first time in 17 years, marking a historic shift from its long-standing negative rate policy. Analysts suggest the hike is interpreted as a sign of confidence in the Japanese economy, which in turn is encouraging investment in higher-risk assets like cryptocurrencies. The market reaction highlights the growing interconnection between traditional monetary policy and the digital asset space. Traders are now closely monitoring for sustained momentum and potential spillover effects into other global markets.