Japan’s BoJ Rate Hike Sparks Market Uncertainty, Cryptocurrency Concerns

Recent data shows Japan’s 30-year bond yield soaring to a record high of 3.405% due to surging inflation and expectations of the Bank of Japan (BoJ) rate hike this month. This market shift is impacting global asset markets, including cryptocurrency. Experts believe investment trends may move away from long-term bonds toward riskier assets like cryptocurrencies, driven by potential policy changes by the BoJ.