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Fidelity director flips bearish, flags risk of year-long downturn for crypto
Bitcoin rises above $87,000 while the yen weakens after Japan raises interest rates.
XRP falls alongside Bitcoin, which drops back to $85,000 after a surge.
Cryptocurrencies rally as Bank of Japan move lifts lingering macro uncertainty.
With Bitcoin’s realized cap staying at a record $1 trillion, the four-year market cycle comes under scrutiny.
