Bitcoin Price Lags Behind Gold as Yen Fears Hit BTC and Risk Assets

Bitcoin (BTC) is underperforming compared to gold as market anxiety over potential Japanese yen intervention dampens appetite for risk-sensitive assets. Traders are closely monitoring the yen's volatility, which is creating headwinds for cryptocurrencies and other high-risk investments. This dynamic highlights Bitcoin's current correlation with traditional risk-off sentiment, pushing investors toward perceived safe havens like gold. The situation underscores the broader market caution impacting digital asset valuations amid global currency uncertainties.