Crypto Markets Tremendous Shakeout, More Than $400 Million in Blowouts in Almost an Hour
Cryptocurrencies are rising and falling fast, with more than 100,000 new bursts in the last half hour, more than $400 million in bursts in the last hour, and more than 300,000 bursts in the last 24 hours.
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"I am now the market maker, if you want to bet against me, go ahead" Besant warns the market not to short the yen against him
Bessent stated, "When we intervene in the yen, I know exactly what the Japanese, the Bank of Japan, and Japanese policymakers are going to do." With fundamental support from the Bank of Japan's expected 25 basis point rate hike this month, short-sellers will face the dual pressure of policy intervention and an interest rate shift. Analysts believe that Bessent's tough rhetoric serves both as psychological pressure and as an indication that further actions are being prepared.
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