Jamie Crawley is a CoinDesk news reporter based in London.
CoinDesk 20 Index: 1,925 −2.1% Bitcoin : $59,616 −1.9% Ether : $2,675 +0.5% S&P 500: 5,344.16 +0.5% Gold: $2,481 +2.0% Nikkei 225: 35,025 +0.56%
BTC is down around 2.15% in the last 24 hours, sitting just below $59,500, while the wider digital asset market has lost nearly 2.9%, as measured by the CoinDesk 20 Index . Solana's SOL led the losses, falling nearly 3% to $149. Data for U.S.-listed ETFs are also muted, with bitcoin funds seeing $89 million of outflows on Friday and their ether equivalents losing $15.7 million.told CoinDesk in a Telegram message.
"They won’t be able to hike again, at least for the rest of the year,” Makoto Sakurai said Friday, according to Bloomberg. “It’s a toss up whether they can do one hike by next March.” The BOJ raised its key interest rate to about 0.25% from a range around zero on July 31, the first increase in over a decade. The shift away from the zero interest rate policy pushed the yen higher, triggering an unwinding of the"risk-on" yen carry trades.
"As is typical with these drawdowns: weak hands were shaken out, and seasoned veterans bought the dip," Blockware said in an email.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
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