Bitcoin

Arthur

Coin

<ul class="wp-block-list news-points">
 <li>The NASDAQ’s recent 5% drop may have triggered the cryptocurrency market’s downturn.</li>
 <li>Janet Yellen’s actions in increasing treasury bill issuance are influencing market liquidity and asset prices.</li>
 <li>The potential unwinding of Japanese carry trades could lead to significant changes in global financial markets.</li>
</ul>
In a recent analysis, Arthur Hayes examines how the NASDAQ’s 5% decline might influence the cryptocurrency market in a <a href="https://www.youtube.com/watch?v=zxQfylRrKBI" target="_blank" rel="noopener noreferrer nofollow">YouTube video</a>. Hayes attributes the recent downturn in crypto prices to the drop in the NASDAQ. Hayes points to the USD/JPY chart as a key indicator for understanding the market dynamics.&nbsp;
For decades, Japan showed little interest in its currency, investing heavily in risk assets abroad using borrowed yen. Recently, the Japanese government’s decision to raise interest rates has prompted investors to unwind these trades.&nbsp; Hayes warns that this unwinding could potentially impact global risk assets, including Bitcoin and Ethereum.
The video delves deeper into the potential consequences of this unwinding on the crypto market. Hayes explains that Japan’s actions could trigger a major reallocation of capital, affecting crypto investm…
The post <a href="https://coinedition.com/arthur-hayes-crypto-surge-possible-despite-nasdaq-dip/" rel="noopener noreferrer nofollow">Arthur Hayes: Crypto Surge Possible Despite NASDAQ Dip</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Arthur Hayes: Crypto Surge Possible Despite NASDAQ Dip

Coin Edition

Other articles published on Aug 7, 2024

Compound Finance Faces Scrutiny After Controversial Proposal 289 Passes

Web3 ecosystem thrives as AI DApps capture 28% market share

Hamster Kombat Faces Backlash Over Airdrop Delays and Updates

Ripple Ordered to Pay Massive Penalties: Details

Jump Trading Sells Ethereum and Influences the Crypto Market

XRP Community In Limbo: Ledger Foundation Dissolves, Successor Pending

Join our free newsletter for daily crypto updates!