Cointelegraph
Bitcoin Reclaims $80,000 as Weak Dollar Meets Suspected Yen Intervention
xCruzo Brief
Bitcoin reclaimed the $80,000 level, rising about 5% during U.S. trading to around $81,000 as the dollar weakened amid suspected Bank of Japan currency intervention. The move coincided with USD/JPY falling to 155.4, dragging the U.S. Dollar Index (DXY) down to 99. Polymarket probabilities for a BOJ rate hold dropped sharply from 12% to 1%, pricing in a 98% probability of a 25-basis-point hike on Sept. 18. Analysts remain split: some see renewed carry-trade unwind risk, while others view intervention as potentially liquidity-positive. Strategy’s (MSTR) shares rose 8.6% on Wednesday.
xCruzo quick-read summary • Source: Cointelegraph • Read the full article for complete information.
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