Bitcoin Taps $77k Support Amid Japan's Yen Intervention Volatility

Bitcoin's price has stabilized at around $77,800 after Japan's Ministry of Finance deployed roughly $97 billion in intervention to defend the yen. The yen had breached its multi-decade low near 163.99 before staging a partial rebound but is now weakening again.

The yen's latest stumble is bleeding into broader risk-asset sentiment, and Bitcoin isn't immune. What happens next depends on a support level that has already been tested three times this month.

Some analysts have framed Bitcoin as 'lagging' the broader hard-asset trade during the yen turmoil, noting that BTC gained just 0.7% while gold and silver rallied more sharply.