Bitcoin rallied 5% to reclaim the $80,000 level, reaching $81,000 as the US dollar weakened amid suspected Bank of Japan intervention to support the yen, pushing USD/JPY down to 155.4 and the US Dollar Index (DXY) to 99. Polymarket odds for a BOJ rate hold collapsed from 12% to 1%, with a 98% probability now priced in for a 25-basis-point hike on September 18. Shares of Strategy (MSTR) also participated in the rally, rising 8.6% on Wednesday. Analysts remain divided on the impact, with some warning about potential carry-trade unwinding risks, while others view the currency intervention as potentially positive for global liquidity conditions.
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