CoinDesk·2 min read·medium
Live updates: Bitcoin steady as Japan holds rates at 1%, keeping the yen carry trade alive
S
Shaurya Malwa
✦AI Summary
Bitcoin prices remained stable as the Bank of Japan maintained interest rates, sustaining the yen carry trade that influences global risk assets. Market analysts noted that Bitcoin's performance continues to track closely with AI-driven capital cycles and broader macroeconomic trends.
The yen gave back its move during his press conference, and the dollar-yen pair returned to where it started, since traders had already priced a high chance of an October hike.
economycryptobusiness
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