U.S. Treasury Secretary Becent urged Japan to raise interest rates to contain the yen depreciation

UNITED STATES TREASURY SECRETARY BECENT URGED JAPAN TO RAISE INTEREST RATES TO CONTAIN THE YEN ' S DEVALUATION, AND TRADITIONAL MONETARY POLICY WAS VULNERABLE TO GOVERNMENT AND EXTERNAL FACTORS. BITCOIN MONETARY POLICY IS PREDEFINED BY CODE, AND THE ISSUANCE OF NEW CURRENCY FOLLOWS A FIXED PACE AND IS APPROXIMATELY HALVED EVERY FOUR YEARS, WITH GREATER PREDICTABILITY. BITCOIN CANNOT ESCAPE THE SHOCK OF TRADITIONAL FINANCIAL MARKETS IN THE SHORT TERM, AND IF JAPAN’S INTEREST RATE HIKES DRIVE THE JAPANESE YEN TO APPRECIATE RAPIDLY, THE SILO OF LOW-INTEREST YEN FINANCING TRANSACTIONS COULD TRIGGER THE SALE OF SHARES, BONDS AND ENCRYPTED ASSETS. IN AUGUST 2024, THE JAPANESE CENTRAL BANK RAISED INTEREST RATES, BOOSTING THE JAPANESE YEN, LEADING TO A PRESSURE ON RISKY ASSETS, INCLUDING BITCOIN. TECHNICALLY, THE BTC 50-DAY MEAN LINE CONTINUES TO MOVE UP AND CLOSE TO THE 200-DAY MEAN LINE, THE MOVING AVERAGE LINE IS LAGGING AND THE HISTORICAL PREDICTION OF THE CROSS OF GOLD AS AN INDEPENDENT INDICATOR IS UNSTABLE。