The Japanese yen surged sharply due to fears of Bank of Japan intervention and rising wholesale inflation, causing Bitcoin and other major cryptocurrencies to underperform in yen terms compared to their USD trading pairs. The yen jumped to 161.55 per USD, making BTC/JPY gains smaller than BTC/USD gains. Additionally, Japan's government is pushing the large GPIF pension fund to increase investments in domestic assets, which could impact global markets. This yen strength and potential policy shifts highlight volatility risks but may ultimately benefit Bitcoin if the yen-Bitcoin correlation holds.
Bitcoin's price has risen to about $63,950, up 1.2% in 24 hours and 4% over the week, recovering from June lows near $58,000. This rise is driven by optimism around a new US crypto Clarity Act draft and a potential SEC rule easing crypto startup fund...
Ethereum is leading a market recovery with institutional investors driving $70.5 million into ETH products, especially Fidelity's FETH ETF which attracted $69 million. This influx marks five consecutive days of inflows and coincides with Ethereum's p...
Bitcoin has risen above $63,000, gaining about 2% in 24 hours, supported by falling oil prices and lower U.S. Treasury yields that have improved investor appetite for risk assets. Despite this price recovery, the Crypto Fear & Greed Index remains in ...
Bitcoin led a modest crypto rally, reaching nearly $63,000, driven mainly by spot buying rather than broad market enthusiasm. While Bitcoin and major altcoins like Ethereum, XRP, and BNB posted gains, activity in DeFi, stablecoins, and derivatives de...
Bitcoin experienced a swift recovery after its price briefly fell below $62,000, triggered by the sale of 3,588 BTC from Strategy. Bitwise CEO Hunter Horsley views this quick rebound as a sign that Bitcoin is well-positioned for further price increas...
