Japan and the US intervened in currency markets for the first time since 1998, spending up to $36.6 billion to support the yen.
Bitcoin traded near $63,600 as Japan and the US conducted a rare joint intervention to prop up the yen, spending as much as $36.6 billion. The move marks the first coordinated action since 1998 and aims to curb a disorderly slide in the currency.
Analysts noted the intervention may slow yen depreciation but is unlikely to reverse the broader downtrend. The yen carry trade, a key market driver, faced renewed scrutiny amid the intervention.
Markets reacted cautiously, with Bitcoin holding steady while yen volatility eased slightly.