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Crypto

Live updates: Bitcoin at $63,600 as rare US-Japan yen action tests carry-trade fears

Live updates: Bitcoin at $63,600 as rare US-Japan yen action tests carry-trade fears
Image: CoinDesk

Summary

Japan may have spent as much as $36.6 billion buying yen in the first joint US-Japan action to support the currency since 1998. Bitget Wallet’s Alvin Kan says it can slow a disorderly slide without reversing the broader trend.

Source & full coverage: this summary is aggregated from CoinDesk, the original publisher. Read the complete report for full context, data and quotes.

Read the original report at CoinDesk →