Bitcoin climbs above $78,000 after Fed and Bank of Japan rate hikes
- —BTC rose above $78,000, up 2.3% in a day and 1.5% in a week
- —The Fed hiked by 25 bps to 3.75–4%, the Bank of Japan to 1.25%
- —10-year US Treasury yields retreated to about 4.93%
- —US spot bitcoin ETFs attracted $159.5 million in a day
Why it matters: The rally despite tightening by two central banks points to short covering; holding above $78,000 would open the path to $80,000.
Source: Happycoin.club