The Japanese yen is strengthening, and it may be one thing you should watch most closely regarding Bitcoin in the near term.
In CryptoPotato’s report from 4.6 hours ago, analysts listed the yen and U.S. Treasury yields as the two biggest sources of risk for Bitcoin in the short term.
The logic is: when the yen strengthens, carry trades are easier to unwind, and both stocks and crypto assets get pressured at the same time.
This news doesn’t provide specific levels or a timeline.
Not investment advice.
#BTC
In CryptoPotato’s report from 4.6 hours ago, analysts listed the yen and U.S. Treasury yields as the two biggest sources of risk for Bitcoin in the short term.
The logic is: when the yen strengthens, carry trades are easier to unwind, and both stocks and crypto assets get pressured at the same time.
This news doesn’t provide specific levels or a timeline.
Not investment advice.
#BTC