CoinScoopBitcoin falls below 12 million yen as market eyes FOMC and oil prices
Bitcoin (BTC) has faced downward pressure, trading around 11.9 million yen as of midday on the 11th. According to an analyst at bitbank (bitbank), the decline follows the impact of strong US employment data and a strengthening yen driven by expectations of a Bank of Japan rate hike. Future market direction remains focused on upcoming FOMC decisions and rising oil prices.
Summaries are written by AI from the original article. Not investment advice.