The causes of the fall of bitcoin

The spectacular fall of Bitcoin is not an accident. According to the oracles of Crypto Banter, this descent into hell is fueled by a palpable fear: that of the devaluation of the Japanese yen against the American dollar. Who would have thought that the fate of bitcoin would be linked to the currency of an archipelago thousands of kilometers away?

Japan, with its fascination with near-zero rates and a debt-to-GDP ratio, seems to be playing a dangerous game.

The weakening of the yen is not just news at the end of the economic bulletin: it is an earthquake that shakes the foundations of global liquidity, with shock waves reaching Bitcoin and other cryptos.

And as if that wasn't enough, all eyes remain on the next Federal Reserve meeting.

Interest rate decisions could be the final brushstrokes on this already chaotic picture. Analysts, like modern omens, are trying to predict the effects of these policies on our beloved Bitcoin.

An ocean of speculation and predictions

Raoul Pal, the Nostradamus of cryptocurrencies, has his own visions. He describes the current situation as a “banana zone,” a term that sounds straight out of a cartoon but perfectly illustrates the market’s gleeful absurdity.

According to Pal, this is the moment when Ethereum and Solana, like shooting stars, overtake the wise old Bitcoin.