Bitcoin BTC $ 66,392.04 rose after the Bank of Japan raised interest rates to a 31-year high, pushing the price from around $65,600 in Asian trading to more than $66,500 during European hours.
The largest cryptocurrency has added 1.5% over the past 24 hours, continuing its recovery from a June 5 low below $60,000. Several altcoins posted even stronger gains.
Stellar’s XLM, Injective’s INJ and Uniswap’s UNI rose between 13% and 16%, ranking among the best performers in the top 100 cryptocurrencies by market capitalization. UNI's gain comes after Standard Chartered initiated coverage of Uniswap and set a long-term price target for the token of $100 by 2030.
Memecoin SIREN extended its decline, falling another 21% in 24 hours. The token has now lost a staggering 77% month-to-date. Blockchain data trackers on X pointed to a large holder, or whale, offloading coins representing 92% of the token’s supply as the main driver behind the collapse.
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
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