Why Bitcoiners should care that Washington joined a $96B yen rescue to shield over $1 trillion in US Treasuries

The United States joined Japan’s effort to support the yen after preliminary central-bank data indicated Tokyo may have deployed almost $96 billion over two days, putting Bitcoin traders on alert for a possible unwind of positions financed with cheap Japanese capital. On Aug. 3, Japan’s Ministry of Finance confirmed that it purchased yen in coordination […] The post Why Bitcoiners should care that Washington joined a $96B yen rescue to shield over $1 trillion in US Treasuries appeared first on CryptoSlate.