On Tuesday, Asian stock markets showed growth, responding to the Bank of Japan's announcement about continuing its policy of negative interest rates. The Japanese yen weakened against the dollar by 1.3%, while the key Japanese index, Nikkei 225, reached a two-week high, as reported by Bloomberg.
The yield on government bonds decreased, leading to increased investments in the technology sector. European stock markets also opened positively. The pan-European Stoxx 600 index rose by 0.3%, while futures on American stocks remained largely unchanged. The cryptocurrency market is also showing strengthening.
In the last 24 hours, Bitcoin (BTC) has risen by 6.3%, trading at around $43,217. Ether (ETH) increased by 5.4%, reaching $2,244. Cryptocurrencies Solana (SOL) and Avalanche (AVAX) jumped by more than 10%, reaching $75.25 and $40.93 respectively. Litecoin (LTC) strengthened by almost 4%, trading at around $71.28. Over the year, the value of Bitcoin has increased by 160%.
Anthony Pompliano, co-founder of Morgan Creek, stated last week that BTC is entering a new bullish cycle. Its recent drop below $41,000 was short-lived. Bitcoin quickly recovered its positions and, according to forecasts, could reach $45,000 by the end of December.
