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Bitcoin advanced following a rate increase from the Bank of Japan, pulling a handful of altcoins — including Stellar ($XLM), Injective, and Uniswap ($UNI) — into positive territory alongside it.
The move connected a macro catalyst in traditional finance to a broad uptick across crypto markets. The Japan Rate Trigger A Bank of Japan rate decision served as the immediate backdrop for $BTC's move higher.
The pattern is familiar to anyone who has watched yen carry-trade unwinds over the past two years: a shift in Japan's rate posture tends to ripple into risk assets globally, and crypto has shown it is not immune.
What matters here is the directional read — tighter Japanese policy moved markets, and Bitcoin caught a bid rather than a selloff, which is the notable data point.
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