Bitcoin holds steady at $62K-$64K in USD but weakens in JPY as Bank of Japan intervention fears grow. BTC-USD/JPY correlation hits -0.90.

The yen is at 40-year lows near 162 JPY/USD. Here's why the carry trade risks matter for Bitcoin and global crypto markets.

A sharp rise in the yen has left bitcoin and other major cryptocurrencies underperforming in yen terms compared with their dollar-based trading pairs.

Bitcoin holds steady at $62K-$64K in USD but weakens in JPY as Bank of Japan intervention fears grow. BTC-USD/JPY correlation hits -0.90.