Crypto Market Opens Lower as Yields Climb and Yen Focus Intensifies
The crypto market opened September lower due to rising government-bond yields and increased focus on the yen.
Bitcoin fell 1.45% to around $77,500, with Monero and TRON leading daily losses at 3.6% and 2.8%, respectively.
The higher yields make speculative assets less attractive, while a rapid yen reversal threatens carry trades.