Search results for JGB
Crypto
Five factors for bitcoin this week, from Fed minutes to Bank of Japan and whale inflows
Bitcoin has recovered to the $64,000 range, but it ended the week trading below the 200-week simple moving average, keeping concerns about the long-term trend alive. Markets are watching whether the break is temporary or a signal of further declines. This week’s drivers include U.S. PMI data and the Federal Reserve’s July meeting minutes, Japan’s rate outlook and rising bond yields, weak spot bitcoin ETF flows, and a rise in whale deposits on exchanges.
Crypto
Bitcoin ETP outflows dent sentiment, long-term holders boost supply
Crypto exchange-traded products (ETPs) recorded $1.23 billion of net outflows last week, but bitcoin holdings by long-term holders hit a record, a Bitwise report said. More than $1.03 billion left bitcoin investment products, led by spot bitcoin ETFs, ending a six-week inflow streak. Sentiment indicators fell back to neutral and fear. On-chain data showed 14.85 million bitcoin held in wallets for more than 155 days, or 74.3 percent of circulating supply.
Crypto
Japan bond market panic spreads to cryptocurrencies; \"rates to keep rising\"
Japan\'s tightening bond market is delivering a major shock to cryptocurrencies and global stock markets, CoinDesk reported on Tuesday. Japanese government bond yields have jumped sharply, with the 30-year JGB yield rising 31 basis points in a single day to 3.91 percent, triggering panic in markets. Japan\'s Nikkei index fell 2.5 percent and U.S. stock futures dropped 1.5 percent. Bitcoin slid below $90,000, while gold and silver surged.