Bitcoin Slides Below $60,000 as Japanese Yen Hits 40-Year Low Against Dollar

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Bitcoin came under selling pressure during Asian trading hours as the Japanese yen weakened to its lowest level against the US dollar in four decades. The sharp decline in the yen pushed the dollar broadly higher, weighing on risk assets including cryptocurrencies. BTC slipped below the key $60,000 price level amid the currency market turbulence. The yen's historic weakness reflects deepening monetary policy divergence between Japan and the United States.

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