Bitcoin experienced extreme volatility, fluctuating 2% to 3% within minutes, yet it held above the $100,000 mark, currently hovering around $105,000. The U.S. dollar weakened, with the DXY index reaching its lowest level since December 17. This decline in the dollar’s value typically boosts risk assets like cryptocurrencies. U.S. bond yields and WTI crude oil prices also fell, with oil dropping below $75 a barrel, the lowest in two weeks. Meanwhile, the Bank of Japan raised its interest rate to 0.50%, the highest in over 16 years, following a 3.6% inflation rate, the fastest since January 2023. These macroeconomic shifts could potentially influence global investment strategies, including the yen carry trade.
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