XRP News Today: Tariff Turmoil and SEC Silence Sink XRP; BTC at Sub-$80k
See our full XRP forecast here.
Bitcoin Sinks as Yen Carry Trade Unwinds
XRP’s losses coincided with bitcoin (BTC) dropping below $80k for the first time since March 11. US tariffs and slow progress toward the Bitcoin Act weighed on sentiment.
Higher tariffs may drive inflationary pressures, supporting a more hawkish Fed stance. Rising borrowing costs affect demand for risk assets. Notably, the USD/JPY dropped below 145 in early trading on Monday, April 7, raising concerns about a renewed Yen carry trade unwind.
In a carry trade, investors take advantage of Japan’s low interest rates, borrowing Japanese Yen (funding currency) to invest in higher-yielding assets, typically with leverage, to boost…
