Wednesday, July 9, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

    What are Floki’s Flokitars?

    What are Floki’s Flokitars?

    Top NFTs Trending Today, Courtyard Leading the Pack

    Top NFTs Trending Today, Courtyard Leading the Pack

    NFT Market Sees Recovery, Records 17.23% in Weekly Sales, Guild of Guardians Leads Sales with $29.61 Million

    NFT Market Sees Recovery, Records 17.23% in Weekly Sales, Guild of Guardians Leads Sales with $29.61 Million

    Chimpers Expands Into NFT-Linked Blind Box Collectibles

    Chimpers Expands Into NFT-Linked Blind Box Collectibles

    Cheaper NFTs Mean Sales Are Surging, But Trading Volume is Plummeting: DappRadar

    Cheaper NFTs Mean Sales Are Surging, But Trading Volume is Plummeting: DappRadar

    You Can Buy a Martian Meteorite With Bitcoin—If You Have Upwards of $4 Million

    You Can Buy a Martian Meteorite With Bitcoin—If You Have Upwards of $4 Million

    South Africa’s First NFT Marketplace, Momint, Shuts Down Amid Market Pressures

    South Africa’s First NFT Marketplace, Momint, Shuts Down Amid Market Pressures

  • Gaming
    ‘OpenSeason’ Crypto Game Goes Offline as Devs Pivot to Gambling on Nudity

    ‘OpenSeason’ Crypto Game Goes Offline as Devs Pivot to Gambling on Nudity

    Off The Grid studio unveils Solana cofounder-inspired skin

    Off The Grid studio unveils Solana cofounder-inspired skin

    Web3 Powerhouses Fabwelt and LoveBit Unite to Drive Purpose-Driven GameFi

    Web3 Powerhouses Fabwelt and LoveBit Unite to Drive Purpose-Driven GameFi

    Could ‘Reaper Actual’ be the breakout crypto shooter?

    Could ‘Reaper Actual’ be the breakout crypto shooter?

    ‘Off the Grid’ GUN Token Expanding From Avalanche to Solana—Here’s Why

    ‘Off the Grid’ GUN Token Expanding From Avalanche to Solana—Here’s Why

    Lamborghini to Launch Digital Temerario GT3 in Wilder World Metaverse

    Lamborghini to Launch Digital Temerario GT3 in Wilder World Metaverse

    What the Proposed Canary PENGU ETF Really Means for Retail Investors

    What the Proposed Canary PENGU ETF Really Means for Retail Investors

    Planetside Dev’s ‘Reaper Actual’, What’s Next for ‘MapleStory Universe’

    Planetside Dev’s ‘Reaper Actual’, What’s Next for ‘MapleStory Universe’

    Why loyalty is becoming web3 gaming’s next essential layer

    Why loyalty is becoming web3 gaming’s next essential layer

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is DeFi Staking? Everything You Need to Know

    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

    What Is Liquid Staking? How It Works & Why It Matters in Crypto

    What Is Liquid Staking? How It Works & Why It Matters in Crypto

    A Full Comparison of Layer 2 Solutions

    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

    A Full Comparison of Layer 2 Solutions

    A Full Comparison of Layer 2 Solutions

    What are Optimistic Rollups? How They Work and Why They Matter

    What are Optimistic Rollups? How They Work and Why They Matter

    What Are ZK Rollups? How They Work and Why They Matter

    What Are ZK Rollups? How They Work and Why They Matter

    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

    What are Floki’s Flokitars?

    What are Floki’s Flokitars?

    Top NFTs Trending Today, Courtyard Leading the Pack

    Top NFTs Trending Today, Courtyard Leading the Pack

    NFT Market Sees Recovery, Records 17.23% in Weekly Sales, Guild of Guardians Leads Sales with $29.61 Million

    NFT Market Sees Recovery, Records 17.23% in Weekly Sales, Guild of Guardians Leads Sales with $29.61 Million

    Chimpers Expands Into NFT-Linked Blind Box Collectibles

    Chimpers Expands Into NFT-Linked Blind Box Collectibles

    Cheaper NFTs Mean Sales Are Surging, But Trading Volume is Plummeting: DappRadar

    Cheaper NFTs Mean Sales Are Surging, But Trading Volume is Plummeting: DappRadar

    You Can Buy a Martian Meteorite With Bitcoin—If You Have Upwards of $4 Million

    You Can Buy a Martian Meteorite With Bitcoin—If You Have Upwards of $4 Million

    South Africa’s First NFT Marketplace, Momint, Shuts Down Amid Market Pressures

    South Africa’s First NFT Marketplace, Momint, Shuts Down Amid Market Pressures

  • Gaming
    ‘OpenSeason’ Crypto Game Goes Offline as Devs Pivot to Gambling on Nudity

    ‘OpenSeason’ Crypto Game Goes Offline as Devs Pivot to Gambling on Nudity

    Off The Grid studio unveils Solana cofounder-inspired skin

    Off The Grid studio unveils Solana cofounder-inspired skin

    Web3 Powerhouses Fabwelt and LoveBit Unite to Drive Purpose-Driven GameFi

    Web3 Powerhouses Fabwelt and LoveBit Unite to Drive Purpose-Driven GameFi

    Could ‘Reaper Actual’ be the breakout crypto shooter?

    Could ‘Reaper Actual’ be the breakout crypto shooter?

    ‘Off the Grid’ GUN Token Expanding From Avalanche to Solana—Here’s Why

    ‘Off the Grid’ GUN Token Expanding From Avalanche to Solana—Here’s Why

    Lamborghini to Launch Digital Temerario GT3 in Wilder World Metaverse

    Lamborghini to Launch Digital Temerario GT3 in Wilder World Metaverse

    What the Proposed Canary PENGU ETF Really Means for Retail Investors

    What the Proposed Canary PENGU ETF Really Means for Retail Investors

    Planetside Dev’s ‘Reaper Actual’, What’s Next for ‘MapleStory Universe’

    Planetside Dev’s ‘Reaper Actual’, What’s Next for ‘MapleStory Universe’

    Why loyalty is becoming web3 gaming’s next essential layer

    Why loyalty is becoming web3 gaming’s next essential layer

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is DeFi Staking? Everything You Need to Know

    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

    What Is Liquid Staking? How It Works & Why It Matters in Crypto

    What Is Liquid Staking? How It Works & Why It Matters in Crypto

    A Full Comparison of Layer 2 Solutions

    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

    A Full Comparison of Layer 2 Solutions

    A Full Comparison of Layer 2 Solutions

    What are Optimistic Rollups? How They Work and Why They Matter

    What are Optimistic Rollups? How They Work and Why They Matter

    What Are ZK Rollups? How They Work and Why They Matter

    What Are ZK Rollups? How They Work and Why They Matter

    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Bitcoin

Bitcoin poised for growth as Japanese Yen hits record low

June 28, 2024
in Bitcoin
13
Bitcoin poised for growth as Japanese Yen hits record low
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • The weakening Yen may boost Bitcoin amid liquidity injections and currency devaluations.
  • Despite bearish signals, Bitcoin edged up to $62K, with eyes on $64K resistance.

A month ago, Arthur Hayes, founder of BitMEX exchange, expressed optimism about the weakening Japanese Yen (JPY), seeing it as a potential catalyst to inject liquidity and boost Bitcoin [BTC] and the broader crypto market. 

Yen falls to historic low against USD

Fast forward, as of 26th June, the JPY reached its lowest point against the U.S. dollar, marking the lowest in nearly 38 years. This prompted speculation about potential interventions by authorities in the currency markets. 

Many attribute this to the Federal Reserve’s decision to maintain high interest rates, which has resulted in the JPY ranking among the world’s poorest-performing currencies.

Remarking on the same and echoing Hayes’ views, The Bitcoin Therapist said, 

“Is Japan printing Yen to secretly buy #bitcoin? If so it would be the smartest move in the history of Japan. If not they will become a third world country really soon.” 

According to data from FactSet, the Yen weakened to 160.82 against the dollar, surpassing the previous record of 160.03 set on 29th April, and marking its weakest level since 1986.

Adding further to this data set, Jeroen Blokland, Founder & manager of the Blokland Smart Multi-Asset Fund noted, 

“Over the last 12.5 years, the Japanese #Yen has lost a whopping 53% of its value against the US Dollar!” 

Jeroen Blokland

Source: Jeroen Blokland/X

This caused a lot of ripple effects within the financial community as highlighted by ZeroHedge, who commented with a touch of sarcasm, and stated,

zerohedge

Source: zerohedge/X

A good sign for Bitcoin?

But despite this Hayes sees that a weakening Yen might trigger competitive currency actions among major economies, such as Japan and China, potentially leading to currency devaluations and increased liquidity injections (printing money).

See also  Looking to buy Bitcoin? 'Perfect time,' says Arthur Hayes - But why?

This implies that Bitcoin, which is perceived as a hedge against fiat currency devaluation, could benefit from these macroeconomic conditions.

Hayes anticipates that Bitcoin would perform well in such a scenario, highlighting it as a resilient asset amidst global fiat currency instability. 

Hence, Hayes best put it when he said, 

“Crypto booms, as there is more dollar and yuan liquidity floating in the system.”

Meanwhile, as the Yen faced bearish pressure, BTC appreciated by 0.56%, reaching a trading price of $62,130.05.

However, the Relative Strength Index (RSI), significantly below the neutral level, indicated a strong bearish sentiment. But, if Bitcoin manages to surpass the resistance level at $64,817, it could signal a potential shift into a bullish phase.

Bitcoin- TradingView

Source: TradingView

Previous: What AVAX needs to complete its bullish reversal
Next: WIF breaks key resistance: Can it sustain the gain?

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

  • The weakening Yen may boost Bitcoin amid liquidity injections and currency devaluations.
  • Despite bearish signals, Bitcoin edged up to $62K, with eyes on $64K resistance.

A month ago, Arthur Hayes, founder of BitMEX exchange, expressed optimism about the weakening Japanese Yen (JPY), seeing it as a potential catalyst to inject liquidity and boost Bitcoin [BTC] and the broader crypto market. 

Yen falls to historic low against USD

Fast forward, as of 26th June, the JPY reached its lowest point against the U.S. dollar, marking the lowest in nearly 38 years. This prompted speculation about potential interventions by authorities in the currency markets. 

See also  Multiple spot Bitcoin ETFs to begin trading on CBOE tomorrow, pending SEC approval

Many attribute this to the Federal Reserve’s decision to maintain high interest rates, which has resulted in the JPY ranking among the world’s poorest-performing currencies.

Remarking on the same and echoing Hayes’ views, The Bitcoin Therapist said, 

“Is Japan printing Yen to secretly buy #bitcoin? If so it would be the smartest move in the history of Japan. If not they will become a third world country really soon.” 

According to data from FactSet, the Yen weakened to 160.82 against the dollar, surpassing the previous record of 160.03 set on 29th April, and marking its weakest level since 1986.

Adding further to this data set, Jeroen Blokland, Founder & manager of the Blokland Smart Multi-Asset Fund noted, 

“Over the last 12.5 years, the Japanese #Yen has lost a whopping 53% of its value against the US Dollar!” 

Jeroen Blokland

Source: Jeroen Blokland/X

This caused a lot of ripple effects within the financial community as highlighted by ZeroHedge, who commented with a touch of sarcasm, and stated,

zerohedge

Source: zerohedge/X

A good sign for Bitcoin?

But despite this Hayes sees that a weakening Yen might trigger competitive currency actions among major economies, such as Japan and China, potentially leading to currency devaluations and increased liquidity injections (printing money).

This implies that Bitcoin, which is perceived as a hedge against fiat currency devaluation, could benefit from these macroeconomic conditions.

Hayes anticipates that Bitcoin would perform well in such a scenario, highlighting it as a resilient asset amidst global fiat currency instability. 

Hence, Hayes best put it when he said, 

“Crypto booms, as there is more dollar and yuan liquidity floating in the system.”

Meanwhile, as the Yen faced bearish pressure, BTC appreciated by 0.56%, reaching a trading price of $62,130.05.

See also  Paraguay cracks down on illegal Bitcoin mining - Impact on revenue

However, the Relative Strength Index (RSI), significantly below the neutral level, indicated a strong bearish sentiment. But, if Bitcoin manages to surpass the resistance level at $64,817, it could signal a potential shift into a bullish phase.

Bitcoin- TradingView

Source: TradingView

Previous: What AVAX needs to complete its bullish reversal
Next: WIF breaks key resistance: Can it sustain the gain?
Tags: BitcoinGrowthhitsJapanesePoisedrecordyen

Related Posts

Bitcoin must pass $63.2k soon, for THIS vital reason
Bitcoin

Bitcoin nears $91K as buying pressure soars, but challenges emerge

November 17, 2024
Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice
Bitcoin

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

November 17, 2024
FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet
Bitcoin

FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet

November 17, 2024
Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K
Bitcoin

Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K

November 16, 2024
Will miner selling pressure be Bitcoin’s hurdle to $100K?
Bitcoin

Will miner selling pressure be Bitcoin’s hurdle to $100K?

November 16, 2024
Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…
Bitcoin

Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…

November 16, 2024
Next Post
Pimple Problems? Have You Tried Using Brian Armstrong’s Face?

Pimple Problems? Have You Tried Using Brian Armstrong's Face?

Comments 13

  1. ezsi0 says:
    1 month ago

    how to get cheap clomid without dr prescription clomiphene tablete clomiphene only cycle where can i buy cheap clomiphene price buying generic clomid no prescription where can i buy generic clomid without dr prescription can you buy generic clomid pills

    Reply
  2. cialis super active+ 20mg pills says:
    4 weeks ago

    This is a topic which is forthcoming to my callousness… Diverse thanks! Faithfully where can I lay one’s hands on the acquaintance details for questions?

    Reply
  3. flagyl antibiotic says:
    4 weeks ago

    This website positively has all of the information and facts I needed to this thesis and didn’t know who to ask.

    Reply
  4. istj9 says:
    4 weeks ago

    order zithromax 500mg online cheap – ciplox 500 mg cheap flagyl 200mg cheap

    Reply
  5. gzq7e says:
    4 weeks ago

    purchase semaglutide without prescription – periactin 4mg over the counter order cyproheptadine without prescription

    Reply
  6. t90ie says:
    3 weeks ago

    motilium drug – motilium online buy generic cyclobenzaprine

    Reply
  7. g57ct says:
    2 weeks ago

    augmentin 375mg price – at bio info brand ampicillin

    Reply
  8. nte06 says:
    2 weeks ago

    buy generic nexium for sale – anexamate.com order esomeprazole 20mg online

    Reply
  9. letj2 says:
    1 week ago

    order coumadin 5mg sale – anticoagulant hyzaar oral

    Reply
  10. zicin says:
    1 week ago

    meloxicam for sale online – https://moboxsin.com/ where can i buy mobic

    Reply
  11. q6kl3 says:
    7 days ago

    prednisone for sale – apreplson.com buy prednisone 20mg online

    Reply
  12. fgi8p says:
    6 days ago

    ed pills online – https://fastedtotake.com/ ed pills that work quickly

    Reply
  13. b73oj says:
    4 days ago

    amoxicillin drug – purchase amoxicillin pill amoxicillin drug

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Ginoa.io Redefines Web3 Gaming in Partnership with Aipocalypto

Ginoa.io Redefines Web3 Gaming in Partnership with Aipocalypto

January 4, 2025
South Korean retail giants withdraw from NFT sector amid market slowdown

South Korean retail giants withdraw from NFT sector amid market slowdown

June 13, 2024
US EIA Starts Requiring Energy Consumption Data From Cryptocurrency Miners

US EIA Starts Requiring Energy Consumption Data From Cryptocurrency Miners

February 17, 2024
Ethereum ETF inflows just spiked $104 mln: Is Wall Street bracing for lift-off?

Ethereum ETF inflows just spiked $104 mln: Is Wall Street bracing for lift-off?

April 26, 2025

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition
  • Core Scientific Crashes After CoreWeave Acquisition News – What Spooked Investors?
  • ‘OpenSeason’ Crypto Game Goes Offline as Devs Pivot to Gambling on Nudity

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.