Bitcoin gets new $54K warning as BTC price hits 11-day low on Asia tech sell-off
Bitcoin analysis warned of "new lows" as Asia markets dropped up to 10% and BTC price action dipped below $62,000 for the first time in nearly two weeks.
Crypto Daily·
11.7 trillion yen FX intervention and a 160.79 USD/JPY print have Asia eyeing on-chain dollars. Here’s how stablecoins could absorb demand—and the risks.
Read full articleBitcoin analysis warned of "new lows" as Asia markets dropped up to 10% and BTC price action dipped below $62,000 for the first time in nearly two weeks.
BVI emerges as a global hub for tokenised finance, accounting for $1.2bn in stablecoins
Bitcoin is facing pressure on two fronts with continued selling pressure and a new macro headwind, say analysts.
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Sharplink says the new nonprofit, Ethlabs, “exists to ensure the network is ready to absorb” the demand that institutions will place on it with stablecoins, tokenization and AI.
China's strategic moves enhance yuan's global liquidity and digital currency reach, challenging stablecoins and reinforcing monetary control. The post China bridges domestic and offshore yuan markets while tightening grip on digital currency appeared first on Crypto Briefing.
Japan's proactive stance on yen volatility, backed by US coordination, signals potential market disruptions and strategic currency interventions. The post Yen intervention risk rises as Katayama, Bessent discuss currency volatility appeared first on Crypto Briefing.