Bitcoin Faces Pressure Amidst Surge in Japanese Bond Yields

Bitcoin is under significant pressure as Japan's 10-year government bond yields have surged to a 17-year high, currently impacting its price at $123,000. This spike is prompting domestic investors to rethink their strategies, as the depreciation of the yen reflects broader economic challenges. The situation underscores the interconnectedness of global financial markets and raises concerns about risk appetite among investors, particularly in the cryptocurrency sector.