Live markets: Japan's collapsing yen is pushing companies into bitcoin and XRP
Hedge funds have turned the most bearish on the yen since 2007, boosting bets on further losses to nearly 138,000 contracts as of June 30....
Key takeaways
- 1South Korea's Kospi index fell 20% from peak, technically entering bear market due to AI demand doubts.
- 2Bitcoin traded near $62,650, down 0.6% daily but up 6.1% weekly despite macro pressure.
- 3Samsung stock fell despite 19-fold quarterly profit jump, signaling traders demand stronger AI returns justification.
Coins in this story
Why it matters
Crypto markets show greater resilience than equity markets during AI-driven volatility due to deeper liquidity. Indian retail investors should note that similar tech concentration and leveraged exposure risks exist in Indian markets, while Bitcoin's stability demonstrates crypto's potential hedge against equity market cascades.
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