Greeks.live: Cryptocurrency losses stalled last week, markets recover

Odaily News Adam, a macro researcher at Greeks.live, said on the X platform that the Bank of Japan's recent hawkish remarks have greatly hit the price of cryptocurrencies. We need to continue to pay attention to the Bank of Japan's actions this month. A large proportion of global macro transactions are based on the yen, and the yen rate hike will shake the entire financial market. Last week's huge decline has stagnated, and the market is recovering, so the IV of major maturities has fallen back. The cryptocurrency market still maintains the wide range of fluctuations since March, especially ETH is relatively sluggish, and the exchange rate has fallen sharply.