Over the weekend, the selection of Ishiba led to a significant rise in the yen and a sudden 5% decline in Japan’s Nikkei stock average. This selling pressure also affected bitcoin, causing it to drop from around $66,000 to as low as $63,300. Currently, bitcoin has rebounded to $63,800, representing a 3% decrease from late Friday.
This chain of events highlights the interconnected nature of global financial markets and how political decisions can have far-reaching consequences. Investors are closely monitoring the situation and adjusting their strategies accordingly.
