BTC's 3.5% decline was influenced by multiple factors, including possible market overextension rather than solely Japan's new PM Ishiba's hawkish stance.
While market analysts quickly linked Bitcoin's drop to the Nikkei's performance and Ishiba's hawkish image, currency movements and broader market trends suggest otherwise.
Ishiba's comments on maintaining accommodative monetary policy indicate that fears of tightening might be overstated, as seen by the yen's depreciation.
Other factors, like BTC’s potential overvaluation, highlight that market corrections may follow significant rallies, regardless of external factors like political leadership.
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