Bitcoin dey rise on top Yen safe-haven demand after election
Asian markets dey trade mix as traders dey wait for US Fed meeting minutes. Japan yen jump pass 0.7% reach about ¥148.49 per USD as safe-haven demand rise afta former LDP leader Shigeru Ishiba loss for July 20 upper-house election, wey drag Nikkei 225 down 0.7%. For China, People’s Bank keep their 1 and 5-year loan prime rates steady, keep yuan near 7.1788. Hong Kong Hang Seng and mainland China CSI 300 rise 0.55% and 0.28%, while South Korea Kospi and India Nifty 50 drop 0.4% and 0.26%. Singapore dollar weaken because of tariff wahala, but Straits Times Index extend im winning streak to 11 sessions. For crypto market, Bitcoin rise 0.21% to $118,369, as traders still dey carry cautious bullish feel for Bitcoin.
Bullish
Di election wey happen cause yen to rise, e boost safe-haven flows across assets, including Bitcoin. Small 0.21% price increase and how traders dey cautious but still bullish show say dem see Bitcoin as short-term refuge amid equity wahala and policy uncertainty. China keep rates steady dey support regional liquidity, while tariff worries and the Fed minutes wey go soon comot dey add to this risk-off nature. All these things join body to support small bullish outlook for Bitcoin for near time and fit even last long if safe-haven demand continue.