Crypto markets sold off sharply after Japan’s 10-year government bond yield surged to its highest level since 2008. The move triggered a wave of global de-risking and one of the largest liquidation events in weeks. The move erased billions of dollars in digital-asset value, highlighting just how exposed crypto remains to macroeconomic liquidity shifts far outside its own ecosystem. Japan’s Yield Spike: The Yen Carry Trade Unwinds and Crypto Feels It First The total crypto market cap declined by approximately 5% over the last 24 hours, with Bitcoin and Ethereum prices falling by more than 5%
source: https://beincrypto.com/japan-bond-yield-surge-crypto-liquidation/