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Bitcoin's Divergent Performance: Strong in USD, Lagging in JPY Amid Yen's Ascent
Bitcoin and other major cryptocurrencies are significantly underperforming in Japanese Yen (JPY) terms compared to their US Dollar (USD) pairs.
◆ #japanese yen
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Former BOJ Official Warns of Accelerated Rate Hikes, Potential for Borrowing Costs Above 2%
A former Bank of Japan official warns the central bank may accelerate interest rate hikes, pushing borrowing costs above 2% amid a sliding Yen.
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Hedge Funds Accumulate Most Bearish Yen Bets Since 2007
Hedge funds have placed nearly 138,000 bearish contracts against the Japanese Yen, marking their most negative stance since 2007 as of June 30.
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Bitcoin Risks Drop Below $58K as US Dollar Reaches 40-Year High Against Japanese Yen
Bitcoin is under pressure, risking a drop below **$58,000**, as the US dollar hits its highest level against the Japanese yen since **1986**.
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Bitcoin Falls Below $60,000 in Asia as Japanese Yen Hits 40-Year Low Against U.S. Dollar
Bitcoin (BTC) dipped below $60,000 in Asian trading after the Japanese Yen plummeted to a 40-year low against the U.S. dollar, strengthening the greenback.