BTC Price News: Bitcoin May Fall as Yen Gains, XRP Leads Market Gains

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Yen's outperformance at the end of July and September has previously catalyzed the unwinding of carry trades, or bullish risk-on bets, in a possible headwind for bitcoin. By @shauryamalwa

Yen breached the key 150 level against dollars early Friday, a move that has previously catalyzed the unwinding of carry trades.XRP tokens surged more than 5% in the past 24 hours to drive gains among majors in the past 24 hours.

XRP tokens surged more than 5% in the past 24 hours to drive gains among majors in the past 24 hours as a Thanksgiving holiday saw bitcoin avoid a feared historical “massacre,” with a slight uptick across the market. The crypto market’s moves in Asian hours came as the Japanese yen broke a key level against U.S. dollars.

 

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