Approval of JPYC's yen-pegged token could happen as early as the next few months.
The yen is no longer the most attractive funding currency, and the currency's strength may not necessarily lead to broad-based risk aversion, one expert said.
Traders are ramping up expectations for Fed rate cuts in 2026, which supports the bull case in BTC; however, the bond yield differential suggests JPY strength ahead.
Analysts suggest bitcoin's recent price action could signal a break in the downtrend, with potential for further gains.
Goldman Sachs recommends the yen as a hedge against U.S. recession risks, citing its historical strength in risk-off environments.
BTC hits three-month as Nasdaq futures point to continued risk aversion in stocks and the anti-risk Japanese yen strengthens against the U.S. dollar.
BTC's rally has stalled since Friday for several reasons, including waning demand at record prices.The AUD/JPY pair has turned lower, hinting at a broad-based risk aversion amid the talk of a BOJ rate hike in December.A similar set-up in the yen rocked the global markets, including cryptocurrencies, in late July-early August this year.
A renowned Japanese cryptocurrency businessman responded to his fellow Japanese who see Bitcoin as a currency “not backed by anything of value”. Related Reading: Bitcoin Gains VanEck’s Official Support As Strategic Reserve Crypto entrepreneur Koji Higashi argued that these people who still have a pessimistic view about Bitcoin fail to realize the Japanese yen is […]
Bitcoin‘s recent price rebound has captured the attention of the general crypto sector, which has put retail investors, especially new ones, on a high profitability as market conditions continue to display noticeable improvements. Bitcoin Profitability Rises Among New Investors In recent developments, new Bitcoin investors have witnessed a notable increase in profitability, boosting the outlook […]
Once again making news, Metaplanet Inc., often known as “Asia’s MicroStrategy,” raised 10 billion yen (about $68 million) through a recent stock sale. The goal of this significant investment is to support its aggressive Bitcoin acquisition strategy. Similar to the tactics of well-known companies like MicroStrategy, the move comes as the company keeps positioning itself […]