Crypto Market Slump: Bitcoin Drops as Yen Weakness Fuels Global Volatility

Global markets experienced significant turbulence on Friday, with Bitcoin facing a renewed downturn. This volatility was driven by factors such as the weakening Japanese yen and regulatory developments in both Canada and the UK concerning stablecoins. 🇯🇵 The Bank of Japan (BOJ) appears to be considering an interest rate hike, which could impact capital flows in global markets. Meanwhile, crypto-related money laundering networks were exposed through a UK investigation by the National Crime Agency (NCA).