Bitcoin slipped below the $90,000 mark on Friday, trading at $89,795, down 0.1%, as Asian stocks saw modest gains following the Bank of Japan's decision to keep interest rates steady at 0.75%. The MSCI Asia Pacific index rose 0.4%, while Japan's Nikkei increased by 0.3%. The BOJ's rate hold comes after a December hike, reflecting improved prospects for meeting its 2% inflation target.
In the broader market, the total cryptocurrency market cap fell 0.3% to $3.11 trillion. Ether and XRP also saw declines, with Ether down 1.7% to $2,960 and XRP down 1.6% to $1.91. Meanwhile, Wall Street extended its rebound as President Trump eased tariff rhetoric, boosting the S&P 500 by 0.5% and the Nasdaq by 0.9%.
Bitcoin Falls Below $90K Amid BOJ Rate Hold and Asian Stock Gains
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