
French bond crisis and BOJ rate decision could pressure Bitcoin
- —France's 10-year OAT yield rose to 4.92%, the highest since May 2008
- —French debt reached about 120% of GDP, with the budget deficit above 5%
- —Polymarket: 88% odds the BOJ holds rates, 12% for a 25 bps hike
- —Japanese investors sold 684.5 billion yen of foreign bonds in the week to September 26
Why it matters: An unwind of yen carry trades, as in August 2024, could force selling of risk assets including Bitcoin.
Source: BitcoinBázis