Bitcoin rises 1.5% to $66,500 after Bank of Japan rate hike; XLM, INJ, UNI lead altcoin gains
By
Omkar Godbole, Shaurya Malwa
Properly proved. Has structure, has flavour, has a point.
Summary
Bitcoin rose 1.5% to over $66,500 after the Bank of Japan raised interest rates to a 31-year high, continuing its recovery from a June low below $60,000. Altcoins including Stellar's XLM, Injective's INJ, and Uniswap's UNI posted even stronger gains of 13-16%, with UNI's rise partly attributed to Standard Chartered involvement.
Key quotes
· 3 pulledBitcoin rose after the Bank of Japan raised interest rates to a 31-year high, pushing the price from around $65,600 in Asian trading to more than $66,500 during European hours.
The largest cryptocurrency has added 1.5% over the past 24 hours, continuing its recovery from a June 5 low below $60,000.
Stellar's XLM, Injective's INJ and Uniswap's UNI rose between 13% and 16%, ranking among the best performers in the top 100 cryptocurrencies by market capitalization.
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