Bitcoin Price Unchanged as Bank of Japan Holds Interest Rate Steady.

The Bank of Japan's (BOJ) decision to maintain its interest rate at 0.5% has kept Japanese government bond yields in check, limiting the pressure on bitcoin's price.

Rate Remains Steady: The BOJ held its benchmark interest rate at 0.5%.
Limited Pressure on Bitcoin: This decision limits downward pressure on bitcoin's price, as a strengthening yen and rising bond yields (which attract capital to traditional assets) are contained.
Geopolitical Uncertainty: The BOJ's decision comes amid high uncertainty surrounding US trade policies under President Trump, which could impact Japan's export-driven economy.

Notably, even when the bank raised rates in January, the bitcoin price remained stable, as attention was focused on potential policy developments under Trump's presidency. Wednesday's decision to hold rates steady keeps Japanese bond yields in check, thus limiting pressure on bitcoin's price.