Bitcoin (BTC) has hit a record high value of 18,640,000 JPY, significantly impacting the cryptocurrency market. Takaichi Sanae, Japan’s newly elected Prime Minister, advocates for renewed Abenomics, which could stimulate economic activity.
Sanae’s comments on fiscal cooperation between the government and the central bank suggest a pro-growth approach, likely affecting investor sentiment positively. The anticipated continuation of easy monetary policies could further fuel demand for Bitcoin.
As Bitcoin reached this peak, the BTC/USD pair traded at 123,100 USD. Meanwhile, the yen has weakened, trading at 150.35 JPY per USD, indicating significant shifts in currency dynamics alongside rising interest in cryptocurrencies.
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