Bitcoin Falls on Carry Trade Unwind Fears as US Treasury Sec Pledges Further Yen Intervention

Bitcoin pared earlier gains and fell more than 2% in a few hours amid a rare US-Japan joint intervention to buy Japanese yen for the first time since 1998. The drop comes primarily after the US Treasury Secretary signals further coordinated intervention. Ad Ad US Treasury Sec Scott Bessent Vows More Yen Intervention with Japan