Crypto markets are in for a wild ride as Japan’s carry trade unraveling poses new threats for BTC! While Bitcoin soared to $58,000, it’s not out of the woods yet. The fact that crypto wasn’t even mentioned in the Trump-Harris debate, and Trump’s dip in the polls, only added to the uncertainty.
🔥 Arthur Hayes’ Warning: “USD/JPY is breaking down, heading for 140… BTC’s next move could be critical!” Hayes’ concerns highlight the brewing storm from Japan’s interest rate hikes, which wrecked global markets in August. Could a repeat be on the horizon? 👀
As Japan hikes rates and the Fed mulls cuts, this dangerous tug-of-war could collapse carry trades, hammering BTC, ETH, and BNB.
Will Bitcoin hold on? Buckle up, traders – the market’s about to get turbulent! 💥
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