📈 Derivatives trader Gordon Grant said that in addition to the Fed's policy changes, the weakening yen also provided support for Bitcoin. USD/JPY has been strengthening since Monday, opening up further upside for Bitcoin. 💹

He pointed out that the strengthening of USD/JPY has historically been good for high-risk assets because the yen is often used as a financing currency for "risk-on" transactions. Investors seek higher returns by borrowing low-interest currencies such as the yen.

What do you think? Welcome to share your views in the comment section!