Bitcoin Chops Around $64K, With Japanese Yen’s Tumble Maybe Signaling ‘Currency Turmoil,’ Analyst Says

The yen’s devaluation did not impression crypto markets but, however this might change if the BOJ steps in to prop up the foreign money, Noelle Acheson, analyst and writer of the Crypto Is Macro Now studies, mentioned in an electronic mail interview. A attainable intervention would imply the BOJ promoting U.S. greenback belongings (U.S. Treasuries) to purchase yen, and a weaker buck may in principle assist crypto costs, she added.