Bitcoin Faces Pressure Amid 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, reaching levels not seen since 2008. This spike is prompting domestic investors to rethink their strategies, while the yen depreciates, reflecting broader economic challenges in Japan. The situation raises concerns about risk appetite among investors and highlights the interconnectedness of global financial markets, making it a critical moment for cryptocurrency stakeholders.