Bitcoin Defies Global Bond Yield Meltdown as Japan 30-Year Yield Hits Record
Japan's 30-year bond yield hit a record 4.18% on [today], sparking concerns over global liquidity and rising borrowing costs. This move is part of a broader sell-off that has pushed the benchmark 10-year JGB yield above 3% for the first time since 1996, according to Nikkei Asia.
The divergence between Bitcoin's price action and traditional risk assets is notable. While stocks and bonds sold off when yields spiked, Bitcoin remained resilient near $78,856. This suggests that BTC may be trading more like digital gold as investors reassess traditional risk assets.
Japan's 30-year yield has been trending upwards since 2024, breaking through the floor it had hugged from 2016 to 2021. The current record high of 4.186% marks the highest level in the history of the 30-year bond.