Bitcoin Rally Amid Carry Trades In Sight As Goldma
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Bitcoin Rally Amid Carry Trades In Sight As Goldman Sachs Predicts Yen Weakening
Goldman Sachs predicts further yen weakness to 165 against US dollar.
The Wall Street bank sees a rise in carry trades.
Bitcoin could rally amid carry trades by hedge funds and tradFi institutions.
Bitcoin has staged a notable recovery in recent sessions, climbing above the $63,000 level amid July’s seasonality and US Fed-driven liquidity. Bitcoin could rally amid rising carry trades as the Japanese yen falls to multi-decade lows against the US dollar, with Goldman Sachs predicting further yen weakness.
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