Bitcoin’s Link to Ishiba-Led Swoon in Nikkei Comes Into Question as Yen Declines

It’s common for BTC to take cues from major regional equity market indices. However, on Monday, the Japanese yen, barring a minor early morning bid, weakened across the board, challenging the narrative that hawkish Ishiba weighed over risk assets, including BTC. Hawkish/dovish developments typically have a greater bearing on national currency.

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