Global Bond Market Volatility: Why Rising Japanese Yields Threaten Bitcoin’s Momentum
The recent recovery in the bitcoin price-which saw the leading cryptocurrency climb roughly 8% to reach the $64,000 threshold-is currently facing a significant macroeconomic hurdle. While optimism surrounding shifting Federal Reserve interest-rate policies provided a much-needed tailwind, the sudden surge in Japanese government bond (JGB) yields is casting a shadow over risk assets globally.
The Ripple Effect of Japan’s Yield Surge
For decades, Japan served as the world’s primary source of “cheap money.” By maintaining near-zero interest rates and aggressive monetary easing, the Bank of Japan effectively suppressed borrowing costs across the globe. Investors frequently utilized the yen as a funding currency for “
