August 5 2024
Bitcoin’s value has seen a dramatic drop of nearly 10% over the past week, mirroring a broader selloff in financial markets. Factors such as rising inflation, geopolitical tensions, and tighter monetary policies by central banks have contributed. The Federal Reserve's recent interest rate hikes have pushed investors towards safer investments, affecting the crypto market significantly.
SEE MOREApril 30 2024
Amidst market speculation, the Japanese yen experienced an abrupt rise against the US dollar, suspected to be fueled by governmental intervention. This strategic move appears to counteract the detrimental effects of rising U.S. interest rates on the yen.
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