Bitcoin Outlook: Risks from the Japanese Yen, the Fed, and Oil Prices
2026-08-31 20:13:22
According to CoinMeta and 99bitcoins, Bitcoin was traded at $78,500 in Tokyo. This was due to the Japanese yen breaking through the 160-to-dollar exchange rate, and at the same time, the U.S. strikes against Iran's Larak Island increased bearish price forecasts. Despite Iran's attacks driving up oil prices and depressing the stock market, Bitcoin's daily loss remained below 1%. The market is concerned about whether Bitcoin can maintain a price around $78,000 amidst a weak yen, rising interest rate expectations, and intensified geopolitical risks. The ETF summary for August is also of great interest, as it serves as an indicator to measure whether the inflow of ETF funds into Bitcoin continues amid changing interest rate expectations.
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Source:99Bitcoins
This content is for market information only and does not constitute investment advice.