Bitcoin weakened in early Asia trading on Monday, sliding below $67,500. ๐ This move followed a spike in Japanese bond yields to levels not seen since 2008.
The strengthening yen accelerated carry-trade unwinds and triggered crypto liquidations during thin liquidity hours.
The pressure stems from a sharp rise in Japanโs short-term government bond yields. ๐ฏ๐ต Traders increasingly interpret this as a sign the Bank of Japan (BOJ) may be preparing its first rate hike in over a decade. ๐ฆ๐น
Information is for market updates, not investment advice.
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