BUSINESSJun 30 · 07:14 UTCCOINDESKOmkar Godbole

Bitcoin's 52-week correlation with USD/JPY hits -0.90, undercutting 'carry trade' theory

Bitcoin's 52-week correlation with the USD/JPY currency pair reached -0.90, challenging the 'carry trade' theory. The strong negative correlation suggests a potential inverse relationship between Bitcoin's price movements and the yen's performance against the dollar.

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