Bitcoin
US Yen Purchase Triggers Bitcoin Decline Near $63,000
Bitcoin fell toward $63,000 after the US intervened in foreign exchange markets for the first time in over 25 years, rekindling concerns about carry trade unwinding.
Bitcoin declined near $63,000 after the United States purchased yen for the first time since 1998. The intervention revived concerns about the unwinding of carry trades, which had previously driven demand for riskier assets including cryptocurrencies.
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