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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**.

Bitcoin is under pressure, risking a drop below **$58,000**, as the US dollar hits its highest level against the Japanese yen since **1986**.

Bitcoin has shown an unusually strong negative 52-week correlation of -0.90 with the USD/JPY exchange rate, undercutting 'carry trade' investment theories.