
Chip Rally Yanks Bitcoin Price Near $64,000 as Yen Jumps
Bitcoin's jump near $64,000 came from AI chip euphoria and yen strength, showing macro trades are steering crypto.
Jul 10, 20266 min read0 reactions0 comments
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Bitcoin's jump near $64,000 came from AI chip euphoria and yen strength, showing macro trades are steering crypto.

Japan CPI stayed soft at 1.5%, but subsidies are doing the hard work. The BoJ may still face sticky inflation once support fades.

Crowded yen shorts turn Tuesday's BOJ decision into a Bitcoin risk. A hawkish Ueda could force a carry-trade unwind.
Japan's governing coalition proposes blockchain-based payment infrastructure using stablecoins and tokenized deposits to reduce dependency on international systems.

The BOJ’s new 2.8% inflation gauge raises rate-hike risk and threatens yen carry trades across global markets.
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