Bitcoin Threatened by Rising Bond Yields and Yen

Bitcoin is facing a serious threat from rising yields on U.S. bonds, issues with the credibility of the Federal Reserve, and the potential reversal of transactions financed by cheap yen. Analysts indicate that these factors could limit global liquidity, negatively impacting BTC. Long-term bond yields have reached multi-year highs, forcing investors to demand a higher risk premium. Uncertainty regarding the Fed's ability to control inflation and the possibility of further interest rate hikes may affect cryptocurrency valuations. The rise in bond yields signifies a higher discount rate, which could restrict the capital available for Bitcoin. Additionally, the situation in Japan, where supportive actions for the yen are possible, could trigger a domino effect in global markets. An increase in the yen's value or higher financing costs may prompt investors to close positions, limiting liquidity. The geopolitical situation related to Iran and oil prices also poses additional risks for BTC, as rising energy prices could increase inflation and complicate the Fed's monetary easing. The combination of these factors may exert pressure on Bitcoin's further growth.

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