Bitcoin stays below $80,000 as yen strength raises carry-trade concerns

Bitcoin remained below the $80,000 level as the cryptocurrency moved lower alongside US stocks amid escalation involving Iran, according to Cointelegraph. Market attention also turned to the Japanese yen after US Treasury Secretary Scott Bessent contributed to concerns about a possible unwinding of the yen carry trade. The dollar was around 153 yen, with yen strength adding to the backdrop for risk assets. Bitcoin’s inability to reclaim $80,000 kept the focus on the interaction between broader market sentiment, geopolitical developments and currency-market pressure. The report did not indicate that Bitcoin had regained the threshold, while concerns surrounding the yen carry trade remained part of the market narrative.