In crypto information at this time (June 16), Bitcoin has surged above $66,000, persevering with the bullish value motion that started over the previous weekend amid an incoming peace deal between the US and Iran, slowing ETF outflows, and the Bank of Japan elevating rates of interest.
Liquidations have picked up, with over $536M over the previous 24-hours and $375M of that determine coming from brief positions. Liquidations flipping from principally longs to shorts sign that the market is at present in an uptrend and bears are being punished.
Of the opposite main caps, ETH and HYPE are standouts, up +4% and +12%, respectively. With bullish value motion throughout the market, buying and selling quantity has picked up significantly, reaching $110Bn over the previous 24 hours, up from round $70-80Bn late final week.
With Bitcoin and the broader market persevering with to surge, the Concern & Greed Index has moved to 23/100, up from 20/100 yesterday. Whereas nonetheless in ‘Extreme Fear’, this regular enhance within the ranking highlights optimistic investor sentiment slowly returning.
Crypto News Today: Bitcoin Surged to $67,000 Following Bank of Japan Rate Hike
Bitcoin hit $67,200 in a single day after the Bank of Japan raised rates of interest to their highest stage in 31 years as a part of its battle towards inflation. BTC USD has since settled at round $66,400 however continues on its quest to reclaim $70,000.
The Japanese regulator revealed its choice on June 16, with the Bank of Japan elevating its coverage charge by 25 foundation factors, from 0.75% to 1%.
That is the best stage since 1995, and whereas the transfer itself matched market expectations, the central financial institution’s assertion included each hawkish indicators about attainable additional tightening and measures aimed toward easing investor issues.
The central financial institution pointed to elevated inflation dangers as a purpose for the hike. Specifically, it famous that increased oil costs pushed by geopolitical tensions are being handed by to client items quicker than anticipated. This implies the Bank of Japan is prepared for additional charge hikes if value pressures intensify.
After a long time of low inflation, Japan is now going through rising prices. In Might, wholesale costs rose by greater than +6% year-over-year, the quickest tempo in three years. On the identical time, headline inflation stood at 1.4% in April, remaining beneath the Bank of Japan’s 2% goal.
Japan Hikes Rates To Highest Stage In 30 Years
The Bank of Japan raised its brief time period coverage charge to 1%, the best stage since 1995.
The transfer marks the second charge hike in roughly six months.
Officers proceed to battle persistent inflation and rising import prices. pic.twitter.com/IhhQlHyrjY
— BSCN (@BSCNews) June 16, 2026
Bitcoin Revenue ETF from BlackRock Receives SEC Approval
In different crypto information, BlackRock is transferring nearer to launching a brand new Bitcoin-linked revenue ETF after US regulators cleared a key step within the product’s approval course of, which might present yet one more catalyst for Bitcoin’s quest to reclaim $70,000.
The fund, anticipated to commerce below the ticker BITA, would prolong BlackRock’s crypto ETF technique past easy Bitcoin publicity and into options-based revenue.
The Securities and Alternate Fee has permitted Nasdaq’s proposal to record and commerce shares of the iShares Bitcoin Premium Revenue ETF, in accordance with SEC paperwork.
ALL SET: the iShares Bitcoin Premium Revenue ETF $BITA is launching TOMORROW (tue). Confirmed by Nasdaq. Additionally, the ETF will goal 15-25% annual yield whereas attempting to seize a minimum of 70% of bitcoin's upside in course of. pic.twitter.com/BK0M4cO4mj
— Eric Balchunas (@EricBalchunas) June 15, 2026
The fund is designed to mirror the efficiency of Bitcoin whereas producing premium revenue by an actively managed technique of promoting name choices tied primarily to BlackRock’s iShares Bitcoin Belief ETF, often called IBIT.
The ETF is anticipated to record on Nasdaq below the BITA ticker. BlackRock additionally filed a Kind 8-A, a registration step that market analysts typically view as one of many remaining procedural strikes earlier than an ETF begins buying and selling.
Bloomberg ETF analyst Eric Balchunas stated the submitting advised a launch might come as quickly as Thursday, June 18, although timing can nonetheless shift earlier than buying and selling begins.
XRP News: 4 Corporations Utilizing Ripple for Cross-Border Funds
In XRP information at this time, 4 confirmed enterprise partnerships, SBI Remit, Tranglo, Azimo, and Nium, are routing reside cross-border remittances by Ripple’s community, with XRP appearing because the bridge asset. The worldwide remittance market strikes over $700Bn yearly, and legacy wire programs nonetheless extract 6–8% in charges from each switch.
The central stress price unpacking right here is that XRP has a reputable utility story, however the hole between “companies using RippleNet” and “companies burning XRP as liquidity” issues enormously for whether or not enterprise adoption interprets into structural token demand.
Learn the total story right here.
Cardano Van Rossem Exhausting Fork Hits Resolution Day
The Cardano Van Rossem onerous fork hit its mainnet go/no-go choice level on June 15, 2026 – probably the most consequential single day within the protocol’s Voltaire governance period, with community readiness metrics working properly forward of any prior improve and an official end result anticipated imminently.
Put merely, node adoption is robust sufficient {that a} inexperienced gentle is believable, however the choice itself should clear a community-governed course of that has by no means activated a mainnet onerous fork earlier than.
This large choice relating to Cardano’s future comes as ADA dropped by -1% in a single day, one of many few digital belongings within the pink over the previous 24 hours, highlighting the uncertainty working all through the neighborhood.
Learn the total story right here.
Bitcoin News Today: BTC Holds Above $66K After BOJ Hits 31-Yr Rate Excessive
In Bitcoin information at this time, BTC USD is buying and selling above $66,000 on June 16 after the Bank of Japan (BOJ) raised its benchmark rate of interest to 1% – the best stage since 1995, whereas concurrently pausing its bond-taper program, a dovish offset that helped stop a right away risk-asset selloff and triggered $365M briefly liquidations out of $488M in complete crypto liquidations over 24 hours.
The central stress this piece resolves is that BTC value held its floor on the day of the hike, however historical past exhibits the true carry-trade harm tends to reach weeks later, not hours.
Learn the total story right here.
The put up Crypto News Today (June 15): BTC Back Above $66K, Bank of Japan Announces Rate Hike, BlackRock BITA Fund Receives SEC Approval appeared first on 99Bitcoins.
