Bitcoin targets $88,000 as BoJ raises rates to 0.75%; Arthur Hayes eyes USD/JPY 200

Bitcoin rose about 2.5% versus the daily open and aimed for $88,000 on Friday after the Bank of Japan lifted its policy rate to around 0.75%, a three-decade high. Arthur Hayes argued negative real rates could push USD/JPY toward 200, while Temple 8 Research said further hikes may be off the table to protect the yen and manage stimulus costs.