Japan's 10-year government bond yield reached 3% for the first time since 1996, driven by inflation, fiscal concerns, and expectations of Bank of Japan tightening. This rise threatens the yen carry trade, where investors borrow yen cheaply to invest in higher-yielding assets abroad. As Japanese investors repatriate capital and reduce foreign bond holdings, global liquidity tightens, putting pressure on risk assets like Bitcoin, which fell alongside other cryptocurrencies and US equities. The shift signals a potential tightening of global funding conditions that could impact crypto markets further.
Bitcoin has traded in a narrow range between $76,500 and $79,500 for five days, supported by an active-investor cost basis near $76,350 which absorbs selling pressure. Long-term holders show limited profit-taking, while downside options protection cl...
The cryptocurrency market experienced a $369.67 million liquidation wave, heavily impacting XRP, Ethereum, and Solana due to rising oil prices, higher U.S. Treasury yields, and expectations of a Federal Reserve rate hike. Over 90,000 leveraged trader...
Bitcoin and XRP are displaying a rare 'Bart Simpson' chart pattern, characterized by a rapid price rise, sideways trading, and a sudden drop, raising fears of a sharper market correction. Bitcoin surged from around $64,420 to nearly $80,700 in early ...
September started with a market downturn affecting cryptocurrencies and traditional assets, with Dogecoin cofounder Billy Markus commenting wryly on the usual seasonal decline. Over $361 million in crypto positions were liquidated recently, reflectin...
In August's top crypto news, Mastercard sponsored an XRP Ledger hackathon in New York, signaling growing ties with Ripple. Legendary trader Peter Brandt reversed his bearish stance, buying Bitcoin after a key technical breakout pushed prices above $7...
