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Strategy Sells Bitcoin Amid Yen Collapse | Bitcoin and Crypto News
Description
Bitcoin plummets below $60K, dipping under its 200-week moving average as the yen hits a 37-year low against the dollar—fueling global market jitters. Strategy, a major Bitcoin holder, is now planning to sell $1 billion worth of BTC, reversing its historic “never sell” stance to fund a monetization program. Analysts link this move to declining stock value and mounting financial pressure, while the yen’s weakness—driven by massive U.S.-Japan rate gaps—threatens broader asset stability, including stocks, bonds, and crypto. With Japanese officials sounding alarms, markets brace for potential policy shifts that could ripple across global finance.
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