Bitcoin surged towards $88,000 after Japan raised interest rates to 30-year highs. Despite initial concerns, the move was seen as ultimately bullish for asset holders. Bitcoin continued to show gains, with analysts predicting a potential test of $80,000. Market sentiment remained cautious, with expectations of further support retests. Checkonchain warned of ongoing bottoming-out process for Bitcoin.

Read more at Cointelegraph: Bitcoin Gains Near 3% Despite Bank of Japan Rate Hike