Bitcoin Faces a Three-Way Macro Test Near $78,000

Bitcoin was trading at $78,500 amid converging macroeconomic headwinds spanning currency markets, geopolitical developments, and monetary policy signals. The Japanese yen breached 160 per dollar during Tokyo trading, a threshold closely monitored by market participants for potential intervention triggers. Separately, a U.S. strike on Iran’s Larak Island introduced additional uncertainty into global markets, with oil prices rising and equity indices declining in response to heightened Gulf