Bitcoin's price is currently range-bound as the New York Fed's actions concerning the yen are influencing global markets. The intervention has led to an unwinding of the carry trade and a corresponding increase in the demand for gold. The development suggests a shift in investor sentiment, with some seeking safe-haven assets amidst currency fluctuations. The impact on Bitcoin remains to be seen, but the cryptocurrency is being closely watched as these macroeconomic factors unfold.

Bitcoin's price is currently range-bound as the New York Fed's actions concerning the yen are influencing global markets. The intervention has led to an unwinding of the carry trade and a corresponding increase in the demand for gold. The development suggests a shift in investor sentiment, with some seeking safe-haven assets amidst currency fluctuations. The impact on Bitcoin remains to be seen, but the cryptocurrency is being closely watched as these macroeconomic factors unfold.