Bitcoin Rebounds Above $66K on Corporate Buys and BOJ Support

Bitcoin has climbed back above $66,000 following the Bank of Japan’s 25 bps rate hike to 1% while it maintained heavy bond purchases. The rebound builds on mid-June volatility and is driven by aggressive institutional accumulation, including Strategy’s $100 million purchase of 1,587 BTC and Strive’s addition of 73 BTC. On-chain data shows 259,298 BTC accumulated between $59K-$67K as buyers absorb supply. Taiwan is weighing Bitcoin as a reserve asset, SpaceX holds 18,712 BTC, and BlackRock’s CIO reaffirmed long-term bullish conviction despite near-term competition from other assets.