Bitcoin Slides as Markets Blame Japan

[cryptoenthusiast]

Bitcoin fell to a two-week low of $87,600 in late Sunday trading, extending a pattern of sharp weekend selloffs. Some analysts are pointing to Japan’s central bank as a potential source of pressure, with fears growing around a possible interest-rate hike triggering another global carry-trade unwind.

Polymarket currently assigns a 98% probability to a 0.25% rate hike by the Bank of Japan later this week.

[Nahid Hossen]

Macro-driven selloffs remind us how globally sensitive Bitcoin has become.

[Abdul Khan]

A reset phase could clear leverage and set the stage for stronger growth.