Perhaps contributing to negative action was a renewed rise overnight in the value of the Japanese yen. At 141 to the U.S. dollar, the yen today now stands higher than it was in early August, when its sharp rise forced a quick reversal of yen-carry trades, apparently a major cause of a panicky mini-crash in traditional and crypto markets.
This article was originally published by Coindesk.com. Read the original article here.
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