Cryptocurrencies continued their recovery from Monday crash, with bitcoin above $57,000more than 4% more in the last 24 hours. Bank of Japan Deputy Governor Shinichi Uchida said the central bank would not raise borrowing costs, which may have provided some relief to investors in risky assets such as cryptocurrencies. “As we see high volatility in domestic and overseas financial markets, it is necessary to maintain current levels of monetary easing for the time being,” Uchida said in a speech to business leaders in Hakodate, Hokkaido. The broader cryptocurrency market, as measured by the CoinDesk 20 (CD20) index, rose more than 5%, with SOL continuing to lead the gains. The altcoin regained the $150 mark, after climbing nearly 10%.
