Soaring Japanese bond yields could heighten BTC volatility

A significant rise in Japanese government bond yields since the beginning of the year is increasing tensions in global financial markets, including cryptocurrency, BeInCrypto reports. Following interest rate hikes in Japan, yields on 10-year and 30-year bonds have climbed, raising concerns that the yen carry trade—a key driver of global asset markets—could unwind. The outlet explained that if liquidity from the yen carry trade contracts, Bitcoin's price volatility could increase. A similar trend was observed late last year when news of a Japanese rate hike was followed by a short-term plunge in BTC's price.