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Live updates: Bitcoin at $63,600 as rare US-Japan yen action tests carry-trade fears

CoinDesk· Shaurya Malwa· Aug 4, 2026 · 8:41 AM
Live updates: Bitcoin at $63,600 as rare US-Japan yen action tests carry-trade fears

Japan may have spent as much as $36.6 billion buying yen in the first joint US-Japan action to support the currency since 1998. Bitget Wallet’s Alvin Kan says it can slow a disorderly slide without reversing the broader trend.

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