Bitcoin faces pressure as Japanese bond yields reach highest level in 17 years, yen weakens

Bitcoin has seen record highs due to Japan’s Abenomics, but the current bond market dynamics are posing challenges. Higher yields on Japanese government bonds are increasing borrowing costs, dampening the allure of riskier assets like BTC.

The Yen’s depreciation against the USD has contributed to a stronger dollar index, negatively affecting asset prices, including Bitcoin. While BTC pauses, gold remains steady, reaching 4,000 USD per ounce as investors seek safe havens.