Crypto markets are in for a wild ride as Japanâs carry trade unraveling poses new threats for BTC! While Bitcoin soared to $58,000, itâs not out of the woods yet. The fact that crypto wasnât even mentioned in the Trump-Harris debate, and Trumpâs dip in the polls, only added to the uncertainty.
đĽ Arthur Hayesâ Warning: âUSD/JPY is breaking down, heading for 140⌠BTCâs next move could be critical!â Hayesâ concerns highlight the brewing storm from Japanâs interest rate hikes, which wrecked global markets in August. Could a repeat be on the horizon? đ
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 â the marketâs about to get turbulent! đĽ
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