Why markets and Bitcoin dipped — Bloomberg’s breakdown

Key pressures:
• Bank of Japan’s surprise signal of a possible rate hike triggered yen strength and carry-trade unwinding.
• Rising yields in Japan pulled capital back home.
• Investors await critical US data, delaying risk exposure.
• Fed uncertainty remains, including discussions about Powell’s future.
• Tech and AI correct after months of overheating.
• China’s manufacturing weakness weighs on Asia.
• Crypto simply reacts to risk-off, nothing structural.