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Crypto Markets Flounder Amid Bitcoin Drop
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Bitcoin plunges into bear market, hitting its lowest since February, while ether also declines. Investors withdraw funds amid doubts on Fed rate cuts. Japanese government bond yields rise in line with U.S. Treasuries as yen stabilizes ahead of Fed meeting. Bank of Japan's rate hold triggers yen selloff despite hints of future hikes.
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How could the yen's volatility impact global trade relations and currency markets?
How might the bear market status affect other cryptocurrencies and the broader digital asset market?
What strategies could investors consider amidst the uncertain Fed rate cut outlook?
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