Bitcoin fails to reclaim $80K as Bessent fuels yen strength around 153 per dollar
60-second summary
Bitcoin fails to reclaim $80,000 as Treasury Secretary Janet Yellen’s comments spark yen strength near 153 per dollar, prompting fears of a carry‑trade unwind. The cryptocurrency slides alongside U.S. equities amid heightened Iran tensions, dropping below $78,500. Market participants watch the currency rally, expecting continued pressure on Bitcoin’s price recovery.
Bitcoin trended lower with US stocks on Iran escalation while US Treasury Secretary Scott Bessent contributed to fears of a yen carry-trade unwind.