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Bitcoin Rallies 22% Defying Japan Bond Yield Surge and Yen Volatility

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The Story

News Summary

  • Japan's 10-year bond yields reached 30-year highs while the yen slipped, fueling expectations for a September BOJ rate hike.
  • Despite carry trade risks, Bitcoin displayed strong resilience, gaining 22% in a week as investors increasingly treat digital assets as a hedge against global sovereign debt pressures.
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BTCUSD price history

76956.14 +14.87% over the displayed period

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