**Bitcoin Takes a Hit Amid Japan's Political Shake-Up**
Bitcoin's recent bull run hit a snag this weekend, dropping from $66,000 to $63,300 after Japan's ruling party unexpectedly selected Shigeru Ishiba as the new prime minister. Ishiba's support for higher interest rates triggered a rise in the yen and a 5% drop in Japan's Nikkei stock average, which seemed to spill over into the crypto market. đ
- Bitcoin fell roughly 3% from late Friday, now hovering around $63,800.
- European stocks are down by 1%, while U.S. stock index futures show modest losses.
- Prior to this, Bitcoin had surged following the U.S. Fed's rate cut and China's economic stimulus.
What are your thoughts on Bitcoin's latest dip? Share in the comments!