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However, bond yields rose, offering negative cues to risk assets, including bitcoin. The 10-year Japanese government bond yield rose six basis points to 0.56%, reaching the highest since January. Its U.S. counterpart rose three basis points to 4.03%, extending the overnight 13 bps gain. Source
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The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the
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California Governor Gavin Newsom has vetoed a bill to regulate crypto in his state. He stressed that “a more flexible approach is needed” to “keep up with rapidly evolving technology and use cases” in the crypto sector. Bill to Regulate Crypto in California Vetoed by Governor Newsom The governor of the U.S.
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