The Bank of Japan (BOJ) decided to keep interest rates unchanged at 0.25% despite the country's rising core inflation, which reached 2.8% in August. The BOJ plans future rate hikes if inflation continues to increase.
Following the BOJ's decision, Bitcoin and altcoins experienced a noticeable rally. This positive reaction in the crypto markets highlights the impact of global monetary policy decisions on digital currencies.
Earlier this week, the US Federal Reserve cut its interest rates by 50 basis points, adding another layer of complexity to the global economic outlook and influencing market movements.
