search
Homeweb3.0BTC-JPY Volatility Surpasses BTC-USD for the First Time Since 2022 as Yen Struggles

Bitcoin's volatility hit new highs in Japan as the BTC-JPY pair surpassed BTC-USD in 90-day realized volatility. This marks the first time since 2022

BTC-JPY Volatility Surpasses BTC-USD for the First Time Since 2022 as Yen Struggles

Bitcoin (BTC) volatility hit new heights in Japan last week, with the BTC-JPY pair surpassing BTC-USD in 90-day realized volatility for the first time since 2022.

This shift in volatility was largely driven by worsening market conditions in Japan, particularly following last week’s general elections.

The Japanese yen came under increasing pressure last week, with investors largely hesitant toward the yen as it approached multi-month lows. This weakness in the yen made Japanese assets, including BTC-JPY, more volatile, with the heightened volatility around the BTC-JPY pair reflecting this vulnerability and increased market uncertainty.

Japanese investors also largely hoped that the recent elections would stabilize the yen. However, this did not occur, and instead, markets grew more volatile, impacting major currency pairs, including BTC-JPY.

The BTC-JPY pair now has a realized volatility rate of over 50%, while BTC-USD remained slightly below 50%.

In contrast, the BTC-USD market remained relatively stable last week. Although the U.S. dollar faced pressures of its own, BTC-USD volatility was more controlled compared to BTC-JPY.

As the U.S. election approaches, however, traders are preparing for possible volatility spikes in the BTC-USD market, with analysts expecting that post-election developments could influence this pair’s stability.

The yen’s struggles raised concerns among Japanese investors, with the lack of interest in the yen continuing to be a major issue for buyers. Despite a general preference for safe assets, the yen's weak levels made it difficult to attract new interest. This sentiment pushed some investors toward alternative assets, contributing to the increased volatility of BTC-JPY.

Moreover, Bitcoin's role as a hedge against traditional markets also supported its popularity in Japan. Amid economic uncertainty, Japanese investors explored Bitcoin, a trend that amplified the BTC-JPY pair's volatility as market participants reacted to broader financial conditions.

With major elections in both Japan and the U.S., markets are bracing for more uncertainty. The yen's vulnerability, coupled with the upcoming U.S. election, presents a dynamic outlook for BTC traders globally. As BTC-JPY volatility surpasses BTC-USD, investors are watching both markets for potential shifts.

The above is the detailed content of BTC-JPY Volatility Surpasses BTC-USD for the First Time Since 2022 as Yen Struggles. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Ripple CEO Brad Garlinghouse Highlights Japan's Favorable Regulatory Environment for Stablecoin DevelopmentRipple CEO Brad Garlinghouse Highlights Japan's Favorable Regulatory Environment for Stablecoin DevelopmentSep 09, 2024 am 06:00 AM

Ripple CEO Brad Garlinghouse expressed optimism regarding the future of stablecoins in Japan, particularly for a Yen-backed stablecoin.

SBI Holdings Teams Up With Franklin Templeton to Establish Digital Asset Management Company Targeting Bitcoin ETFs in JapanSBI Holdings Teams Up With Franklin Templeton to Establish Digital Asset Management Company Targeting Bitcoin ETFs in JapanJul 26, 2024 pm 03:16 PM

This venture aims to prepare for the potential approval of Bitcoin BTC/USD and cryptocurrency exchange-traded funds in Japan.

Bitget Wallet Experiences a Significant 34% Increase in New Users in Japan, Solidifying Its Position as the Second Largest Web3 Wallet Globally, Trailing Only Behind MetaMaskBitget Wallet Experiences a Significant 34% Increase in New Users in Japan, Solidifying Its Position as the Second Largest Web3 Wallet Globally, Trailing Only Behind MetaMaskJul 30, 2024 am 12:54 AM

The introduction of Bitget Wallet's native token, BWB, in the previous quarter has boosted its presence in Japan. The BWB token airdrop initiative contributed to this growth.

Bitcoin (BTC) Volatility Spikes to 20-Month High as Futures Traders Eye Further DeclineBitcoin (BTC) Volatility Spikes to 20-Month High as Futures Traders Eye Further DeclineAug 07, 2024 pm 03:26 PM

A key Bitcoin volatility indicator reached its highest level in 20 months after Bitcoin fell below $50,000, and futures traders now expect Bitcoin’s price might decline further.

XRP Price Drop: What's Behind It?XRP Price Drop: What's Behind It?Sep 07, 2024 am 09:39 AM

XRP price has recently dipped, mirroring broader cryptocurrency market trends. Concerns over a potentially weak U.S. jobs report have led to market

Japanese Investment Giant Metaplanet Announces Exclusive Cooperation With Bitcoin Magazine to Issue a Japanese EditionJapanese Investment Giant Metaplanet Announces Exclusive Cooperation With Bitcoin Magazine to Issue a Japanese EditionJul 27, 2024 pm 12:09 PM

The partnership was announced amid the frenzy of the Bitcoin Conference in Nashville, a strong signal about the growing influence of Bitcoin in Sakura Country.

Bitcoin Price Hits $68K As Japan Weighs On Big StimulusBitcoin Price Hits $68K As Japan Weighs On Big StimulusOct 17, 2024 am 04:34 AM

Bitcoin price has soared past the $68K mark today, sparking market optimism. The surge in the crypto is driven by a recent Reuters report that Japan plans to unveil

NVIDIA Introduces NIM Microservices for Generative AI in Japan and TaiwanNVIDIA Introduces NIM Microservices for Generative AI in Japan and TaiwanAug 27, 2024 pm 03:47 PM

Alvin Lang Aug 27, 2024 02:52 NVIDIA launches NIM microservices to support generative AI in Japan and Taiwan, enhancing regional language models and local AI applications.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Best Graphic Settings
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. How to Fix Audio if You Can't Hear Anyone
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

Safe Exam Browser

Safe Exam Browser

Safe Exam Browser is a secure browser environment for taking online exams securely. This software turns any computer into a secure workstation. It controls access to any utility and prevents students from using unauthorized resources.

SublimeText3 English version

SublimeText3 English version

Recommended: Win version, supports code prompts!

ZendStudio 13.5.1 Mac

ZendStudio 13.5.1 Mac

Powerful PHP integrated development environment