Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Bitcoin Volatility Surges in Japan: BTC-JPY Outpaces BTC-USD

Bitcoin Volatility Surges in Japan: BTC-JPY Outpaces BTC-USD

CoinEdition2024/10/29 16:00
By: Coin Edition
BTC-0.65%
BTC-JPY volatility surpasses BTC-USD for the first time since 2022, driven by yen instability. Japanese yen struggles post-election, leading to increased BTC-JPY volatility and investor caution. U.S. election may impact BTC-USD, as markets brace for potential post-election volatility.
  • BTC-JPY volatility surpasses BTC-USD for the first time since 2022, driven by yen instability.
  • Japanese yen struggles post-election, leading to increased BTC-JPY volatility and investor caution.
  • U.S. election may impact BTC-USD, as markets brace for potential post-election volatility.

Bitcoin’s volatility hit new highs in Japan as the BTC-JPY pair surpassed BTC-USD in 90-day realized volatility. This marks the first time since 2022 that BTC-JPY has been more volatile than its U.S. counterpart. Japanese market conditions, especially following last week’s general elections, played a significant role in this shift.

The Japanese yen is under increased pressure. Investors are hesitant toward the yen, which is near multi-month lows. The yen’s weakness has made Japanese assets, including BTC-JPY, more volatile. The heightened volatility around the BTC-JPY pair reflects this vulnerability and increased market uncertainty.

Japan’s recent election outcomes added further unpredictability to the market. Investors initially hoped the general elections would stabilize the yen. Instead, volatility rose, impacting major currency pairs, including BTC-JPY. The BTC-JPY pair now has a volatility rate above 50%, while BTC-USD lags slightly below.

In contrast, the BTC-USD market has remained relatively stable. Though the U.S. dollar faced pressures of its own, BTC-USD volatility remained more controlled than BTC-JPY. As the U.S. election approaches, however, traders are preparing for possible volatility spikes in the BTC-USD market. Analysts expect that post-election developments could influence this pair’s stability.

The yen’s struggles raised concerns among Japanese investors. Despite a general preference for safe assets, the yen’s weakness continues to discourage buyers. The yen’s current levels make it difficult to attract new interest. This sentiment has pushed some investors towards alternative assets, contributing to the increased volatility of BTC-JPY.

Read also: Crypto Market Stalls as Korean Trading Drops, U.S. Election in Focus

Bitcoin’s role as a hedge against traditional markets also supports its popularity in Japan. Amid economic uncertainty, Japanese investors are exploring Bitcoin . This trend has amplified the BTC-JPY pair’s volatility as market participants react to broader financial conditions.

With major elections in both Japan and the U.S., markets are bracing for more uncertainty. The yen’s vulnerability, coupled with the upcoming U.S. election, presents a dynamic outlook for BTC traders globally. As BTC-JPY volatility surpasses BTC-USD, investors are watching both markets for potential shifts.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!
Bitget Announcement2025/09/12 07:46
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
New spot margin trading pair — LINEA/USDT!
Bitget Announcement2025/09/11 10:04

Trending news

More
1
New spot margin trading pair — HOLO/USDT!
2
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,345.09
-0.13%
Ethereum
Ethereum
ETH
$4,623.05
+1.18%
XRP
XRP
XRP
$3.11
+2.20%
Tether USDt
Tether USDt
USDT
$1
+0.01%
BNB
BNB
BNB
$925.16
+1.81%
Solana
Solana
SOL
$237.3
-0.54%
USDC
USDC
USDC
$0.9997
-0.01%
Dogecoin
Dogecoin
DOGE
$0.2907
+7.62%
Cardano
Cardano
ADA
$0.9249
+3.00%
TRON
TRON
TRX
$0.3485
-0.38%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter