Bitcoin Braces for Potential Fallout as Yen Strengthens
Experts warn of a carry trade unwind event that could impact Bitcoin, similar to the early August sell-off linked to the strengthening Japanese Yen.
Experts warn of a carry trade unwind event that could impact Bitcoin, similar to the early August sell-off linked to the strengthening Japanese Yen.
BitMEX co-founder Arthur Hayes predicts Bitcoin could sink below $50,000 this weekend, pushing market sentiment into 'extreme fear' territory.
Crypto market sentiment has fallen back into 'extreme fear' as Bitcoin tumbles below $56,000, with Arthur Hayes predicting a further 12% drop to under $50,000.