TREE NEWS reports: Yen’s sharp appreciation has weakened the dollar, lifting bitcoin and gold together, breaking the traditional risk-off link. Bitcoin trades at $78,535.67, benefiting from dollar weakness and looser financial conditions. However, analysts warn that a disorderly yen surge could trigger massive unwinding of yen carry trades, pressuring risk assets.
Yen Strength Boosts Bitcoin, but Carry Trade Risks Loom
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