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Live markets: Japan's collapsing yen is pushing companies into bitcoin and XRP
Published Source: CoinDeskRead original
Crypto Insight Summary: Hedge funds have turned the most bearish on the yen since 2007, boosting bets on further losses to nearly 138,000 contracts as of June 30. Crypto Insight Analysis: Direction: Bullish BTC / Bullish XRP Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Japanese yen weakness pushes institutional investors towards crypto as a hedge.