Live updates: Bitcoin at $63,600 as rare US-Japan yen action tests carry-trade fears

CryptoInfo Editorial Team · Published on August 04, 2026 at 08:41 · Updated on August 04, 2026 · 1 min read

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Key Takeaways

→Bitcoin's price is currently at $63,600
→The US and Japan have taken rare joint action to support the yen
→The intervention may help slow a disorderly slide in the yen without reversing the broader trend

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

According to reporting from CoinDesk, the price of Bitcoin is currently holding at $63,600.

This development comes as Japan may have spent as much as $36.6 billion buying yen in a rare joint US-Japan action to support the currency, the first such intervention since 1998.

Bitget Wallet’s Alvin Kan notes that this action can help slow a disorderly slide in the yen without reversing the broader trend.

The intervention is seen as a test of carry-trade fears, with the US and Japan working together to stabilize the yen.

Source: CoinDesk ↗

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