The Bank of Japan raised interest rates as scheduled, and the market had already anticipated it.

This rate hike was fully priced in long ago, so there are no new surprises. Bad news was digested in advance, and $BTC, $ETH, $BNB have actually gained room to rise.

Usually, this kind of situation is — negative news being priced in turns into a positive. Market participants had already factored in the rate hike, so the actual announcement released pressure.

In the short term, the performance of Bitcoin and Ethereum has already indicated the issue: funds are looking for new safe havens and yield opportunities. As a major global central bank, Japan’s policy adjustments impact global liquidity, but the crypto market’s reaction is often more sensitive than traditional markets — because liquidity is already scarce on our side.