Bitcoin Won’t Break Out Until The Fed Steps Into Yen/JGB Chaos: Arthur Hayes

2 days ago

Arthur Hayes says Bitcoin’s next leg higher is les

Bitcoin Won’t Break Out Until The Fed Steps Into Yen/JGB Chaos: Arthur Hayes

Bitcoin Won’t Break Out Until The Fed Steps Into Yen/JGB Chaos: Arthur Hayes

Arthur Hayes says Bitcoin’s next leg higher is less about crypto-specific catalysts and more about whether US policymakers are forced to respond to mounting stress in Japan’s currency and government bond markets. stress he argues will ultimately translate into fresh dollar liquidity.

Bitcoin still trades between the 0.618 and 0.786 Fib, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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