The crypto market rose about 1.2% as improving risk appetite and short liquidations lifted Bitcoin back to ¥1 million, while altcoins outperformed despite ongoing geopolitical tensions.
The cryptocurrency market rose about 1.2% on Friday as improving risk appetite and short liquidations helped drive a broader rebound after months of declines. Bitcoin gained roughly 1.5% and reclaimed the ¥1 million level, while altcoins posted larger gains than Bitcoin. The move coincided with stronger technology-sector sentiment, gains in Japanese equities, and a rise in U.S. long-term bond yields to 2.99%, indicating broader appetite for risk assets even as geopolitical tensions remained in focus.