Bitcoin reclaims $80K as DXY falls amid continuing suspected yen intervention

Bitcoin (BTC) rallied 5% during US trading hours, reaching $81,000. Key points: Bitcoin rallies above $81,000 in US trading, having risen more than 5% over the past 24 hours.USD/JPY drops to 155.4 amid suspected Bank of Japan (BOJ) intervention, dragging the US Dollar Index (DXY) down to 99.Polymarket odds for a BOJ rate hold collapse further from 12% to 1%, with a 98% probability now priced in for a 25-basis-point hike on Sept. 18.Weaker dollar drags crypto higherAt the time of writing, BTC stands at $81,000, near the highs seen during last month’s surprise upside. The move comes as the Japanese yen (JPY) continued to strengthen in a suspected central bank intervention, which Cointelegraph first reported on Wednesday. After dropping to 158.5 on Wednesday, the USD/JPY pair saw further downside to 155.4. This put pressure on the US dollar index (DXY), which fell to 99. Downside in the DXY has historically been positive for Bitcoin. US Dollar Index 1-day chart. Source: TradingViewShares of Michael Saylor’s Strategy (MSTR) participated in the rally and rose 8.6% on Wednesday. The stock is up 70% from its lows in late June, but still down roughly 10% year-to-date. Strategy’s perpetual ...