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Pudgy Penguins(PENGU)
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Monad(MON)
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Hedera(HBAR)
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Bonk(BONK)
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Bittensor(TAO)
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dogwifhat(WIF)
$0.32
+11.58%
Japan’s Bond Yield Spike Hits Crypto Hard, Triggers $646M in Liquidations
By
Coin Edition
about 1 month ago
SPIKE
SPIKE
SPIKE
YLD
SPIKE
- Japanese 2-year bond yields hit 1.01%, strengthening the Yen and forcing a global risk sell-off.
- The move unwound the “Yen Carry Trade,” flushing $646M in leveraged crypto bets overnight.
- Bitcoin plunged to $86,000, while XRP bucked the trend with a 7% rally on independent catalysts.
Japan’s sudden jump in bond yields not only shook Asian stocks, it directly hit the crypto market. The crypto market is now going through a sharp downturn today, with selling pressure hitting almost every major coin.
Bitcoin and Altcoins Crash vs. XRP’s Market Divergence
The global crypto market cap has dropped to $2.92 trillion, down over 5% in 24 hours. Bitcoin is trading near $85,992, down 5.3%, but still performing better than most altcoins. Ethereum is at $2,829, also down 5.4%.
So while BTC & ETH bore the brunt of the macro shock, XRP emerged as a statistical anomaly.…
Read The Full Article Japan’s Bond Yield Spike Hits Crypto Hard, Triggers $646M in Liquidations On Coin Edition.
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