Bitcoin Under Pressure As Yen Carry Trade Unwind Hits Global Markets
The yen carry trade unwind has been hovering over markets lately — the kind of “plumbing” story that most people ignore right up until volatility spikes and everything suddenly feels connected. Graham Stephan put it into a Bitcoin and crypto-friendly frame yesterday. In a Dec. 15 post, the popular YouTuber described the yen carry trade as Wall Street’s long-running “infinite money glitch” — and argued it’s breaking down just as the Fed is signaling a shift in its outlook for next year. “Wall Street found an ‘infinite money’ glitch 20 years ago. They called it the Yen Carry Trade. It just....
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Bitcoin is again trading under the shadow of a potential yen carry-trade shock as markets head into the 9–10 December FOMC meeting and a likely hawkish turn from the Bank of Japan at the December 18-19 meeting. The setup echoes last summer’s episode, when a policy shift in Tokyo triggered rapid deleveraging across risk assets, including crypto. Will The Bitcoin Price Crash Next Week? Analyst Benjamin Cowen explicitly links today’s environment to that July shock. He reminded followers that “in July 2024, the Fed cut rates while the BOJ raised rates, leading to the unwind of the carry trade.....
First Global Credit, is now offering 4 Chances to Win a live account capable of trading. The company is offering up to 20 BTC of stock or at least 4 BTC of futures to start. First Global Credit is a company that lets Bitcoin holders use their bitcoins has collateral to trade stocks and ETFs. The company is one of the most popular companies working in the space and probably the most secure company offering a professional platform enabling people to use bitcoin in the world Markets. First Global Credit, is now offering 4 Chances to win a live trading account, loaded with up to 20 BTC of....
Demand for Bitcoin seems to be on the rise again in many countries throughout the world as the global economy shows many signs of self-destruction. Bitcoin Hits Highest Price Since 2014. As nations engage in different levels of market manipulation and currency controls, savvy investors continue to use Bitcoin as an economic safe haven, driving market values to a new 2016 high early on Tuesday. According to the Coindesk Bitcoin Price Index, Bitcoin reached a global average price of over $788 USD, but in many markets and currencies Bitcoin trades for much more. According to....
Here's a look at what we are focusing on in the bitcoin price this morning. So we’ve come to the end of the week, and it’s been an interesting one! We’ve had a couple of classical patterns, some intrarange action, and some nice breakout scalps. All of these things have given us opportunities to get in and out of the markets for a few good take profit hits. We’ve also seen a few stop loss hits, but as things stand, we remain net up on the market. We’ve got one day’s worth of trading left, and we want to try and make the most of it. As we head into today’s session, then, what are we looking....
Bitcoin has set a new record high of $68,571 in the early hours of Tuesday. The asset has been rallying for a while now and has reached multiple milestones since then. October had proven to be just what the doctor for the pioneer cryptocurrency as a number of bullish news saw the digital asset bound towards a new all-time high. After hitting $67K in October, BTC had consolidated well below its record high for some time. However, this would not last. November came in with even better optics for the digital asset, leftover from its rally the previous month. With this, BTC had taken off on a....