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Edition 2026-06-30

CRYPTO

Cryptocurrencies Decline as Yen Weakens, Strategy Considers Bitcoin Sales

Cryptocurrencies fell Tuesday as the Japanese yen slipped past 162 per dollar, its weakest level since 1986, strengthening the dollar and weighing on dollar‑priced digital assets.

By coindesk · 117d ago · Source: coindesk

Full article

Cryptocurrencies fell Tuesday as the Japanese yen slipped past 162 per dollar, its weakest level since 1986, strengthening the dollar and weighing on dollar‑priced digital assets. Bitcoin traded around $59,514, down 0.3% in 24 hours and 7% for the week, staying below its 200‑week moving average. Ether dropped 8.2% to about $1,587, while dogecoin fell 11.9% to $0.072 and XRP slipped 7.1% to $1.04; BNB fell 6.5%. Solana rose 3% to $74 and Hyperliquid’s HYPE gained 7% on the day, leaving the weekly change roughly flat. Onchain metrics showed muted demand: active addresses hovered near 618,000 and total value transferred remained near $4.2 billion, while transaction fees continued to contract. Strategy, the largest corporate holder of bitcoin, announced it might sell more than $1 billion of bitcoin under a new financing program, reversing founder Michael Saylor’s previous stance against sales. The prospect of those sales has heightened market caution, according to analysts. The next factors to watch are whether the dollar’s advance slows and whether yen depreciation prompts Japanese authorities to intervene, which could affect funding flows for risk assets.

Source transparency

Publisher
coindesk
Reliability
high
Published
6/30/2026, 10:00:22 AM
Retrieved
6/30/2026, 10:00:22 AM
Relevance
80%
Confidence
85%
Read original at coindesk

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