Bitcoin and Ethereum have shown an increase with the rise in the Asian market.

Rise in Asian Market

Bitcoin and Ethereum have recorded gains, surpassing significant technical levels with the support of Asian exchanges. The easing of global financial conditions has increased investors' appetite for risk.

Interest Rate Hike by the Bank of Japan

The Bank of Japan has raised interest rates to the highest level in 30 years. However, this increase was smoothly received in the markets. This situation has supported Asian exchanges and led to a weakness in the yen.

US Inflation Data Proves Influential

Softer US inflation data has strengthened risk sentiment. This development has increased expectations that the Federal Reserve may implement interest rate cuts.