The yen is surging and it’s helping bitcoin, for now

BTC

BTC/USDT

$79,664.01

-1.92%

$79,664.01

-1.92%

(24s)

24h Volume

$17,778,091,048.45

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0009%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,697.72

▲ 0.05%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$80,811.61

Price$79,697.72

Support 1$79,507.02

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.5

CoinDesk Staff

(11:19 AM UTC)

1 min read

Verified bySarah Chen

DXY (TradingView)

Summary

The DXY is at 99.2, just above its 200-day moving average of 99.1, after the yen strengthened as much as 2.5% over two days.
A rapidly strengthening yen could pressure bitcoin through a carry trade unwind, although the DXY remains the key indicator for global liquidity and risk assets.

Something interesting is happening in financial markets today. The Japanese yen is rising…