Bitcoin drops to $59,490 as yen slides to 40-year low
The yen move is the macro tell, not the price tag: a 40-year low in JPY forces a global unwind of carry trades funded in yen, and crypto is taking the spillover alongside equities.
Every Zipp story tagged #YenCarry, newest first.
The yen move is the macro tell, not the price tag: a 40-year low in JPY forces a global unwind of carry trades funded in yen, and crypto is taking the spillover alongside equities.