Crypto Daybook Americas: Ye Adds to Memecoin Turmoil as Broader Market Languishes

Quick Summary:

Japan Yields Fall as Ueda Warns BOJ Can Step In to Smooth Market (Bloomberg): Bank of Japan Governor Kazuo Ueda vowed to buy government bonds if long-term yields spike.

Still, the crypto market lacks positive catalysts in the near term, JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report.

The rest of the crypto market remains relatively unperturbed by the potential demise of the sector: ETH and LTC are up by 3% this week whilst TRX has risen by 7.7% as liquidity appears to be rotating from speculative tokens back to more utilitarian projects.

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Article Details

Author / Journalist: Francisco Rodrigues, Oliver Knight

Category: Crypto

Markets: United StatesCubaGermanyJapanLaos

Topics: Crypto Daybook Americas

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-21 @ 12:00:00 (1 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 1435 words

Reading Time: 8 minutes read

Sentences: 36 lines

Sentence Length: 40 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 26317520

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