Bitcoin Plummets Over 30% as Japan Plans ¥17 Trillion Stimulus

2025-11-17 06:30

Bitcoin has plunged more than 30% from its recent highs, currently trading around $93,684, as risk-off sentiment prevails and institutional participation wanes. Meanwhile, XRP has declined by approximately 4.3%, finding support near $2.22. In response to rising living costs, Japan is set to introduce a stimulus package exceeding ¥17 trillion, with cabinet approval anticipated on Friday. This move aims to bolster strategic investments and counter economic challenges, as preliminary Q3 GDP figures suggest a contraction. Additionally, New Zealand's October Food Price Index recorded a 0.3% month-over-month decrease.

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