Just caught reports about some Bank of Japan officials pushing for rate hikes again. Interesting timing because the yen's been strengthening lately - we're talking 65000 yen to usd territory now, which shows how much the currency has moved. Meanwhile bitcoin's taking a hit. Seems like whenever there's talk of tighter monetary policy, risk assets feel the pressure. The correlation between yen strength and crypto weakness is pretty clear at this point. When major central banks signal hawkish moves, money tends to rotate out of speculative plays. Worth keeping an eye on what the BoJ actually does next - could be a key driver for markets in the coming weeks. The 65000 yen to usd level is basically where we're sitting, so any further yen appreciation would probably mean more headwinds for crypto.

BTC0.98%
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