Live updates: Bitcoin holds $78,000 as yen breaks 160 and rate-hike bets lift the dollar
Bitcoin is holding steady at $78,000 despite fluctuations in the Japanese yen and shifting expectations for U.S. interest rate hikes. The article examines how bond market repricing and potential central bank interventions are affecting institutional crypto flows.
Why it matters
The correlation between traditional currency markets and Bitcoin prices is a critical metric for institutional investors managing digital asset portfolios.
Solana and dogecoin led the decliners at roughly 3% each, with hyperliquid and XRP close behind. Ether, BNB, zcash and tron all sat within 2% of flat. The weekly picture splits sharply, with solana up about 8% and dogecoin down roughly 10%.
The yen breached 160 per dollar and traded near that level in Tokyo on Monday.
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