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New US report reveals yen rescue used euros, not dollars. That matters for Bitcoin

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CryptoSlate
By Liam 'Akiba' Wright
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New US report reveals yen rescue used euros, not dollars. That matters for Bitcoin
Photo / Coverage: CryptoSlateCredit: Liam 'Akiba' Wright
EXECUTIVE SUMMARY

The November 12 report confirms a Treasury reserve-currency trade, leaving leveraged yen borrowing as a potential Bitcoin risk. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

Key Takeaways

  • New US report reveals yen rescue used euros, not dollars.
  • That matters for Bitcoin.
  • The November 12 report confirms a Treasury reserve-currency trade, leaving leveraged yen borrowing as a potential Bitcoin risk.

The November 12 report confirms a Treasury reserve-currency trade, leaving leveraged yen borrowing as a potential Bitcoin risk. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

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