CryptoStatCoins

Bullish

Bitcoin Price Soars to $91K Amid Suspected Bank of Japan FX Intervention

The price of Bitcoin (BTC) experienced a significant surge, reaching the $91,000 mark. This notable upward movement is widely attributed to a weakening US Dollar, which followed suspected foreign exchange intervention by the Bank of Japan (BOJ). Market analysts point to this event as a key catalyst, demonstrating Bitcoin's sensitivity to major macroeconomic shifts and global liquidity conditions. The rally has reignited bullish sentiment among investors, with many viewing it as a strong sign of life for the flagship cryptocurrency after a period of consolidation. The market is now closely watching for sustained momentum above this key psychological level.
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