Macro· ★★★★· bearish·

Analysts: Rising Japanese Bond Yields Pose Bigger Bitcoin Risk Than the Fed

  • —Japan's 30-year bond yield stands at a record 4.182%
  • —In August 2024 bitcoin fell nearly 20% in hours after a BOJ rate hike
  • —Japan's Nikkei dropped about 12% in a single day on August 5, 2024
  • —Bitcoin holds above $86,000, with Citi targeting $113,000
Why it matters: A hawkish BOJ and a fast-strengthening yen could trigger a carry trade unwind and a sell-off in risk assets, including bitcoin, more forcefully than Fed decisions.
#BTC
Source: Siam Blockchain
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