Bitcoin Price at Crucial Crossroads As Its Correlation With Yen Hits Record High: What’s Next?
January 7, 2026 · 9:47 PM
Bitcoin's price has faced a significant setback, dropping below $91,000 after reaching around $94,000 earlier in January 2026. This decline is attributed to concerns over the unwinding of the Yen carry trade, which has led to a liquidity crunch for Bitcoin. The cryptocurrency's correlation with the Japanese Yen has reached a record high, raising questions about its future trajectory.
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