Crypto Market Pulls Back as Yields Rise and Yen Focus Returns

The crypto market opened September lower as government-bond yields climbed and officials renewed their focus on the yen, leaving Bitcoin near $77,500 without evidence of market-wide capitulation.

The CMC20 index declined 1.11% over the same period, placing Bitcoin's move inside a broader but still contained market pullback.

Rising yields make speculative assets less attractive, while a rapid yen reversal threatens carry trades that rely on cheap borrowing in Japan to invest elsewhere.