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BlockBeats News, July 10th, QCP Capital released a new report stating that the Japanese government bond yields retreated, alleviating concerns in the market about unwinding of yen carry trades and capital outflows, leading to a Bitcoin rebound towards $64,000.
Despite the geopolitical risks in the Middle East, a stronger US dollar, and the hawkish stance of the Federal Reserve continuing to suppress risk assets, Bitcoin showed resilience in the $60,000 range. The report believes that the future trend will still depend mainly on the global liquidity environment, US inflation data, and the Bank of Japan's month-end meeting results.
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