Bitcoin Updates: Stimulus Fails to Curb Crypto Fluctuations; Uncertainty Over Hedging Function
Japan has authorized a $135 billion economic stimulus plan
but this measure
has not managed to stop the recent decline in
Bitcoin
(BTC), which has dropped below $85,500 as market instability persists. The initiative, intended to relieve inflationary strain on families and companies, has ignited discussions about whether such policies might actually worsen inflation—a point frequently raised as a reason for turning to cryptocurrencies. Nevertheless, BTC’s continued weak performance has led to doubts about its effectiveness as a conventional hedge in these conditions.
At the same time, the unpredictable nature of crypto assets has become a central issue for both…
