Bitcoin spiked to a new August high into Sunday’s weekly close as market participants turned their attention to the next US inflation reports. Bitcoin starts the week with new August highs as traders weigh the impact of crunch US inflation data. Key points: Key US inflation data is due as markets shift their expectations of Federal Reserve interest-rate policy. Read more
Analysis warned of a repeat of the 2024 yen carry-trade unwind that pressured crypto markets ahead of the next Bank of Japan interest-rate meeting. Japan’s central bank is in focus this week as its next interest-rate meeting comes amid new 40-year yen lows against the US dollar. Key points: Data from TradingView showed USD/JPY approaching 164 on Tuesday, just a fraction below new 40-year highs seen last week. Read more
In a Cointelegraph interview, Arthur Hayes explains why global markets may not be pricing in a longer war in the Middle East, and what that may mean for energy prices, liquidity and Bitcoin. As geopolitical tensions escalate and global markets face a new wave of uncertainty, one asset has been behaving in an unexpected way: Bitcoin. While the Middle East slides deeper into conflict and energy markets react to potential supply disruptions, the world’s largest cryptocurrency has held up relatively well compared to many traditional assets. For some observers, that resilience raises an important question: Could Bitcoin be signaling something about the macro environment that markets haven’t fully priced in? Read more