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CoinDesk 2024-11-27 08:23:33

Bitcoin Bulls Lose Steam, Aussie-Yen Dips, Hinting at Broad-Based Risk Aversion Ahead

BTC's rally has stalled since Friday for several reasons, including waning demand at record prices. The AUD/JPY pair has turned lower, hinting at a broad-based risk aversion amid the talk of a BOJ rate hike in December. A similar set-up in the yen rocked the global markets, including cryptocurrencies, in late July-early August this year.

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