Japanese Yen, US Yields Pose Biggest Near-Term Bitcoin Risk: Analysts
đ Bitcoin faces a critical week with the Federal Reserve's rate decision on Wednesday and the Bank of Japan's announcement two days later, amid an 85% chance of a 25-basis-point hike.
đ Concerns arise over rising US yields and the yen, which could tighten global liquidity and lead to risk-off sentiment in stocks and crypto, especially with inflation pressures from high crude prices and increasing yields.
đ Bitcoin's price remains volatile, currently around $78,000, down 2.5% over the week but up 23% in the last month, while spot Bitcoin ETFs experienced significant outflows, contrasting with inflows into ETH ETFs.
đ Bitcoin faces a critical week with the Federal Reserve's rate decision on Wednesday and the Bank of Japan's announcement two days later, amid an 85% chance of a 25-basis-point hike.
đ Concerns arise over rising US yields and the yen, which could tighten global liquidity and lead to risk-off sentiment in stocks and crypto, especially with inflation pressures from high crude prices and increasing yields.
đ Bitcoin's price remains volatile, currently around $78,000, down 2.5% over the week but up 23% in the last month, while spot Bitcoin ETFs experienced significant outflows, contrasting with inflows into ETH ETFs.