Bitcoin price rose to $88,000 after the Bank of Japan raised interest rates

According to ChainCatcher, the Bank of Japan’s interest rate hikes are generally seen as negative for risk assets, but the price of Bitcoin rose from $85,200 to $88,000 in five hours, showing that the market has priced in the rate hike expectations. The Bitcoin long-short ratio shows a bullish bias, with 66% of traders opting for the long position in the past four hours.