
Bitcoin holds near $78,500 as a surging Japanese yen threatens global risk assets
Bitcoin faces a fresh liquidity test as the surging yen forces carry trades to unwind ahead of the BOJ decision.
Read sharp crypto market analysis, expert breakdowns, and on-chain insights covering Bitcoin, Ethereum, altcoins, and macro trends.

The ECB may strengthen the euro and weaken DXY, but elevated real yields and tight credit could leave BTC’s funding backdrop unchanged.

UBS now expects two Fed rate hikes this year, extending Bitcoin’s macro headwind through December.

Bitquery's 30-day sample separates trading proceeds from ETH supply reduction, while builders' onward payments leave final profit shares unresolved.

A live reading is already 18, showing why institutions need more than one decentralization metric.

With the same reserve and cover rates, one modeled default leaves 90,000 tokens of vault loss; ten smaller loans leave 4,500.

CZ praised KGST on September 5; the separate USDKG project limits direct redemption to institutions, and its issuer has faced UK sanctions since May.



