December 8, 2022

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Soft weekend for Bitcoin, BOJ Kuroda’s comments cited

1 min read

Crypto prices dropped away over the weekend, with BTC/USD down to sub-US$34K at one stage, before bouncing back a little.

Bank of Japan Governor Kuroda (speaking in an interview with Bloomberg TV) said:

  • “Most of the trading is speculative and volatility is extraordinarily high”
  • “It’s barely used as a means of settlement.”

In the absence of much else, fingers are pointing at K’s Thursday comments. BTC didn’t have an overly volatile weekend though:

Crypto prices dropped away over the weekend, with BTC/USD down to sub-US$34K at one stage, before bouncing back a little.

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