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Home»Market»Bitcoin (BTC) Keeps Weekly Loss as ‘Anti-Risk’ Yen (JPY) Strengthens After Bank of Japan Rate Hike
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Bitcoin (BTC) Keeps Weekly Loss as ‘Anti-Risk’ Yen (JPY) Strengthens After Bank of Japan Rate Hike

July 31, 2024No Comments1 Min Read
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Bitcoin held steady near $66,000, nursing a weekly loss of 2% on expectations for renewed rate cuts from the U.S. Federal Reserve. That spurred demand for the “anti-risk” yen, sending the USD/JPY rate down to nearly 150, the strongest for yen since March, according to data source TradingView. Futures tied to the S&P 500 rose 0.4%, signaling a positive open on Wednesday.

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See also  Is Bitcoin ETF Only First Step? Franklin Templeton CEO Predicts Tokenization
AntiRisk Bank Bitcoin BTC hike Japan JPY Loss Rate Strengthens Weekly Yen
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