Past yen shocks were followed by BTC dropping 30% before rebounding more than 100%, a pattern traders are watching as talk of Japan's intervention returns.
Bitcoin crashed 30% after the last Yen intervention, but there's a catch
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AI INSIGHT
Historical yen shocks preceded Bitcoin plunges of about 30% followed by rebounds exceeding 100%, historical price data shows. Talk of renewed Japanese yen intervention has resurfaced, traders and market commentary say.
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