Markets Bitcoin’s Link to Ishiba-Led Swoon in Nikkei Comes Into Question as Yen Declines
The yen losses suggest the market is not worried about Ishiba's hawkish image and potential for faster BOJ rate hikes, offering positive cues to risk assets, including BTC.
BTC dropped over 3% on Monday, with analysts blaming Japan's incoming PM Ishiba's hawkish bias and Nikkei's slide for the losses.
The yen, however, depreciated across the board Monday, contradicting the...