Yields on 10-year Japanese government bonds have surged to a 30-year high, pushing up borrowing costs globally and challenging Bitcoin's recent price gains. This rise increases the opportunity cost of holding Bitcoin, which generates no income, potentially offsetting positive effects from softer U.S. inflation and weaker job growth. Bitcoin climbed 8% to around $64,000 this month due to shifting Federal Reserve rate expectations, but the hardening of global bond yields, led by Japan, could dampen this momentum. Despite this, some banks like Goldman Sachs remain optimistic about yen-funded carry trades amid a weakening yen.
Solana (SOL) saw a 1.7% price drop to around $79-$80 but maintained key support levels despite broader crypto declines. U.S. spot Solana ETFs attracted $5.75 million in net inflows, contrasting Bitcoin and Ethereum ETFs which faced outflows. The netw...
Bitcoin reached $64,400 before settling near $63,170, maintaining a 6% weekly gain despite Strategy selling 3,588 BTC worth $216 million. Ether rose 11.6% weekly, while XRP and Solana kept most of their gains. A missile strike near the Strait of Horm...
The stablecoin market has grown to about $300 billion, with Tether (USDT) and USD Coin (USDC) strengthening their dominance. USDT leads with a market cap of around $186 billion, and USDC follows with about $70 billion, while other stablecoins remain ...
Grayscale supports MicroStrategy's decision to sell over $3 billion in Bitcoin, arguing it could reduce the company's financing risks and restore market confidence. MicroStrategy faces significant dividend obligations and cash reserve declines, promp...
Bitcoin briefly rose above $64,000 before settling in the low $63,000s, maintaining a 6% weekly gain despite Strategy selling 3,588 BTC worth about $216 million. This recovery follows a drop to near $58,000 in late June and shows resilience amid thin...
