Bitcoin fell under $60,000 on June 30, 2026, as the Japanese yen slid to its lowest level against the dollar since 1986. The price drop placed Bitcoin under its 200‑week moving average. The yen’s decline, driven by divergent U.S. and Japanese interest rates, raised concerns about unwinding of yen‑funded carry trades that can affect equities, bonds and crypto assets. Strategy, the largest publicly listed holder of bitcoin, announced a plan to sell more than $1 billion of bitcoin as part of a $1.25 billion monetization program, deviating from founder Michael Saylor’s previous public stance that the company would not sell its holdings. The company also authorized share buybacks of up to $1 billion each for its preferred and Class A common shares. Analysts noted that the shift in strategy reflects pressure on the company’s capital structure, as its preferred stock has fallen in value, reducing its ability to fund bitcoin purchases. Jeff Dorman, chief investment officer of Arca, said the company was “kicking the can down the road,” and warned that further unforced errors could emerge. The Japanese yen fell to 162.40 per U.S. dollar, the weakest level since October 1986, prompting the Dollar Index to rise to 101.32. The yen’s decline reflects a roughly 57 % drop against the dollar since 2021, as the U.S. Federal Reserve raised rates above 5 % while the Bank of Japan kept policy near zero and only recently moved to about 1 %. The market reaction remains uncertain as the yen’s weakness and corporate selling continue to influence bitcoin’s price trajectory.