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Crypto

Dollar Strength Weighs on Crypto Market as Yen Hits New Low

Guavy AI Editorial Team
Instruments
BTC
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Bitcoin has managed to hold its ground above $78,000, while the Japanese yen has broken through the key level of ¥160 against the US dollar. The strength of the US dollar is putting pressure on the cryptocurrency market.

The value of Bitcoin has been relatively stable in recent days, but the price of the yen has seen a significant drop against the dollar. This has caused some concern among investors and traders in the cryptocurrency space.

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