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

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