Live updates: Bitcoin steady as Japan holds rates at 1%, keeping the yen carry trade alive
Bitcoin traded flat near $63,900-$64,000 as the Bank of Japan kept its benchmark rate at 1%, reinforcing a still-favorable yen carry trade backdrop for risk assets. Governor Ueda signaled inflation could rise above 2% later this fiscal year and highlighted AI demand and a weak yen, but markets had already priced in an October hike, muting the reaction. The article suggests Bitcoin is being supported more by macro liquidity and carry-trade dynamics than by immediate rate action. Ether was also steady near $1,885, while BNB stood out with a strong daily and weekly gain. Overall, the piece reads as a short-term macro commentary on why crypto remained resilient despite a hawkish-leaning BOJ tone.