Bitcoin under pressure below $60,000 as Japanese yen hits 40-year low against the U.S. dollar
CoinDesk·
60-second summary
Bitcoin is under intense pressure, trading below $60,000 as the Japanese yen plummets to a 40-year low against the US dollar, lifting the dollar's value across the board. This sharp decline in the yen has sent shockwaves through global markets, with the dollar's strength weighing heavily on Bitcoin's price, causing a significant drop in value. Market sentiment remains cautious.
BTC fell in Asia as the Japanese yen tanked to four-decade lows, lifting the dollar higher across the board.