The price of bitcoin was recently higher by 3.5% at $62,417.48, according to Coin Metrics, building on a rally underway before the central bank decision Wednesday.
Stocks tied to the price of bitcoin climbed in early trading Thursday.
MicroStrategy , widely used as a high beta play on the price of bitcoin, gained 5%.
It isn't out of the woods yet, however, said Yuya Hasegawa, crypto market analyst at Japanese bitcoin exchange Bitbank.
"Bitcoin has some time until the BOJ makes the decision and could extend its gain during Thursday's U.S. session.
Persons:
bitcoin, Stocks, Yuya Hasegawa, Bitcoin
Organizations:
Metrics, Federal Reserve, Nasdaq, Bank of, Thursday's U.S