Bitcoin stays below $80,000 as yen strengthens near 153 per dollar
Bitcoin fails to reclaim $80,000
Bitcoin stayed below the $80,000 level on September 9, 2026. The price hovered around $78,200, down about 0.4 % for the day.
Key numbers
- Bitcoin price: roughly $78,200 (down 0.4 % on the day).
- Brent crude oil: above $101 per barrel, a three‑month high.
- WTI crude oil: above $96 per barrel.
- Japanese yen: about 153 per dollar, its strongest level since February.
- Yen short positions: over 5 trillion yen, a record level.
Yen strength and carry‑trade pressure
The yen’s rise has put pressure on traders who borrowed in yen to invest elsewhere, a strategy known as a carry trade. Charu Chanana, chief investment strategist at Saxo, said the unwind could accelerate because the Bank of Japan has not yet raised rates.
US Treasury comment
U.S. Treasury Secretary Scott Bessent said the United States may intervene in the yen market. Speaking at Southern Methodist University, he claimed to have “asymmetric information” about the Bank of Japan’s actions and warned that “I am the house now.”
What is confirmed
- Bitcoin did not break the $80,000 barrier and traded near $78,200.
- Oil prices rose, with Brent above $101 and WTI above $96 per barrel.
- The yen traded around 153 per dollar, its highest since February.
- Yen short positions exceeded 5 trillion yen, according to Bloomberg data.
- Scott Bessent publicly hinted at possible yen intervention.
Why it matters
Higher oil prices and a stronger yen can reduce risk appetite for assets like Bitcoin, which are often seen as risk‑on investments. A potential yen intervention could also affect liquidity for crypto traders who use the yen in carry‑trade strategies.
