Japan has recently executed an exchange intervention on the 30th of April with compelling implications for the Bitcoin market. This event follows Bitcoin's bullish performance in the opening Q2, during which prices surged by 14%, providing much-needed relief amid the current bear market.

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Japan reportedly stepped into the currency market with roughly $35 billion of yen buying, sending the dollar down nearly 3% to 155.5. Bank of Japan (BOJ) money-market data imply that size is accurate.

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Developers and industry figures say the eCash proposal introduces user risk, uneven distribution and philosophical tension.

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Bitcoin eyes $90,000 in May 2026. Ethereum, XRP, and Cardano prepare for major breakouts contingent on a bullish BTC trend.