Live updates: Bitcoin steady as Japan holds rates at 1%, keeping the yen carry trade alive

CryptoInfo Editorial Team · Published on July 31, 2026 at 07:46 · Updated on July 31, 2026 · 1 min read

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Key Takeaways

→The Bank of Japan has left its benchmark interest rate at 1%.
→Bitcoin is trading near $64,000 following the rate decision.
→Markets had already priced in an October hike, minimizing the impact of Governor Ueda's hawkish signals.

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

The Bank of Japan has left its benchmark interest rate at 1%, as reported by CoinDesk. This decision has allowed the yen carry trade to remain alive. Following the announcement, Bitcoin has held steady, trading near $64,000.

According to CoinDesk, Governor Ueda's hawkish signals did not significantly impact markets, as an October hike had already been priced in. The decision to maintain the current interest rate is seen as a factor in Bitcoin's current stability.

Source: CoinDesk ↗

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