Bitcoin rallies after Japan rate increase with XLM, INJ, UNI advancing

MarketsBitcoin rallies after Japan rate increase with XLM, INJ, UNI advancingStellar’s XLM, Injective’s INJ and Uniswap’s UNI ranked among the best performers in the 100 biggest cryptocurrencies by market capitalization.By Omkar Godbole, Shaurya Malwa|Edited by Sheldon Reback Jun 16, 2026, 10:29 a.m. 3 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowBitcoin climbed above $66,500 after the Bank of Japan raised interest rates, lifting the token about 1.5% in 24 hours.Derivatives data show risk appetite returning, with crypto trading volumes, open interest and liquidations of short positions all rising, and funding rates and implied volatility suggesting a more balanced, less fearful market.Sentiment has turned negative on Avalanche and its AVAX token as attention shifts to rivals like Solana and Sui, though some analysts see the pessimism as a potential contrarian signal.Bitcoin BTC$66,455.13 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.Derivatives PositioningCrypto markets are showing renewed risk appetite. Total 24-hour tra…

Bitcoin rallies after Japan rate increase with XLM, INJ, UNI advancing

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