- The report said the yen gained 3.7% over three trading sessions, while Bitcoin held the $79,000 level.
- It said that in August 2024, a sharp rise in the yen triggered a broad unwinding of the yen carry trade, sending Bitcoin and Ether (ETH) down as much as 20%.
- This time, the outlet said, Bitcoin held above $79,000 and withstood the first yen shock.
Bitcoin Defends $79,000 as Yen Jumps 3.7%, Diverging From 2024 Carry-Trade Unwind
Bitcoin held the $79,000 line even as the yen surged over a short period, marking a different pattern from the yen carry-trade unwind in 2024.
en.bloomingbit.io
Publisher
Sep 7, 2026 at 8:00 PM UTC · 1 Min. Lesezeit
Key Signal
3.7% Yen gain over sessions
Entities
bitcoin
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BTC-0.27%$78,273
Last Updated
vor 2 Tagen
Übersetzung…
Forecast Trend Report by Period
Bitcoin held the $79,000 line even as the yen surged over a short period, marking a different pattern from the yen carry-trade unwind in 2024.
Crypto media outlet BeInCrypto reported on Sept. 7 that the dollar-yen exchange rate fell to 154.50 yen on Monday from 160.39 yen last Wednesday. That meant the yen gained 3.7% over three trading sessions.
In August 2024, a sharp rise in the yen triggered a broad unwinding of the yen carry trade, in which investors borrow low-interest yen to invest in risk assets. At the time, Bitcoin and Ether (ETH) fell as much as 20%.
This time, however, Bitcoin remained above $79,000. BeInCrypto said the cryptocurrency had withstood the first yen shock.
Follow the Story
- Sep 7Bitcoin Defends $79,000 as Yen Jumps 3.7%, Diverging From 2024 Carry-Trade Unwind
- Sep 9Strategy Put $176.3 Million Into Its Own Preferred Stock Instead of Bitcoin, With Its Last BTC Purchase Already Underwater
- Sep 9The SEC Cleared XRP, Bitcoin, Ethereum and Solana for Nasdaq Texas Commodity Trusts. What It Does and Does Not Do.
- Sep 9Bitcoin price risks $70K if $78K neckline breaks
- Sep 7Bitcoin Defends $79,000 as Yen Jumps 3.7%, Diverging From 2024 Carry-Trade Unwind
- Sep 9Strategy Put $176.3 Million Into Its Own Preferred Stock Instead of Bitcoin, With Its Last BTC Purchase Already Underwater
- Sep 9The SEC Cleared XRP, Bitcoin, Ethereum and Solana for Nasdaq Texas Commodity Trusts. What It Does and Does Not Do.
- Sep 9Bitcoin price risks $70K if $78K neckline breaks
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Originally reported by en.bloomingbit.io
NewsLayer coverage based on externally reported material.
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Bitcoin
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$78,295
-0.24% (24H)
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$1.57T
24H Volume
$29.8B
24H High
$79,739
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