Bitcoin 
$87,270.31 and Ethereum 
$2,959.50 It started a new momentum in the cryptocurrency market by climbing above critical technical levels in Asian trading on Friday. on the rise Bank of JapanIt was effective that the markets welcomed the (BOJ) interest rate increase without shaking and that the inflation in the USA remained below expectations, thus reviving the risk appetite. While Bitcoin rose above $87,000 Ethereum It also accompanied general market power. Intraday gains were up to 3 percent in many altcoins such as ADA, SOL, DOGE, BNB and XRP.
Macro Relaxation Pushes Cryptocurrencies Above Key Technical Thresholds
BOJWhile the government raised the policy rate to the highest level in three decades, the markets were relieved instead of panicking after the decision that had been signaled for weeks. Although Japan’s 10-year bond yield briefly touched 2 percent for the first time since 2006, the yen weakened and Asian stocks gained strength. MSCI Asia Pacific Index rose 0.7 percent and technology stocks came to the fore.
The recovery in global risk appetite was also reflected in the US stock markets. S&P 500 index increased by 0.8 percent Nasdaq 100 jumped 1.5 percent. Micron Technology’s strong outlook has calmed concerns about AI spending and high valuation debates. US inflation data, which was lower than expected in the same period, strengthened the expectation that the Fed would start reducing interest rates in the coming months, thus reinforcing the perception of loosening in financial conditions.
Year-End Vulnerability on the Table as Leverage Pressure Continues
The session before the rally was choppy but within the band, CoinGlass data cryptocurrency marketIt indicates liquidation of over $576 million in the last 24 hours. Most of the liquidations come from long positions. The current outlook shows that positions have become crowded during the recent recovery and high leverage targeting small gains remains dominant.
On the intra-blockchain data front, there is a signal that the selling pressure may ease. K33 ResearchAccording to , long-term Bitcoin investors appear to be close to ending a long selling phase that has seen approximately 20 percent of supply return to the market over two years. Nevertheless, the macro relief-oriented progress of the last rebound creates an open ground for sharp price swings as liquidity decreases and leverage levels remain high as the year-end approaches.
