Bitcoin has plunged more than 30% from its recent highs, currently trading around $93,684, as risk-off sentiment prevails and institutional participation wanes. Meanwhile, XRP has declined by approximately 4.3%, finding support near $2.22.
In response to rising living costs, Japan is set to introduce a stimulus package exceeding ¥17 trillion, with cabinet approval anticipated on Friday. This move aims to bolster strategic investments and counter economic challenges, as preliminary Q3 GDP figures suggest a contraction. Additionally, New Zealand's October Food Price Index recorded a 0.3% month-over-month decrease.
Bitcoin Plummets Over 30% as Japan Plans ¥17 Trillion Stimulus
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
