Bitcoin Surpassed 87,000 Dollars, Yen's Value Decreased.

Bank of Japan Raises Interest Rate

The Bank of Japan has increased the short-term policy interest rate to 0.75%, reaching its highest level in the last 30 years. However, despite this increase, the Japanese Yen has depreciated against the US Dollar.

Bitcoin, on the other hand, showed a slight increase in value in light of these developments. The anticipation of the interest rate hike limited market reactions, as a significant portion of investors were already holding long positions on the yen.