A Year Ago Today, Bitcoin Hit $49K on Yen Carry Trade Unwind, Now It's Up 130%

A year ago today, Bitcoin reached an impressive value of $49,000, largely driven by the unwinding of the yen carry trade, a strategy where investors borrowed in Japanese yen at low-interest rates and invested in higher-yield assets. Since then, Bitcoin has experienced a remarkable surge, now boasting an increase of 130% in its price, demonstrating its volatility and the growing interest in cryptocurrency as an asset class. source: https://www.coindesk.com/markets/2025/08/05/a-year-ago-today-bitcoin-hit-usd49k-on-yen-carry-trade-unwind-now-it-s-up-130