Japan's 10-year bond yields hit 2.85%, a 30-year high, as BOJ tightens policy. Rising global borrowing costs threaten Bitcoin via carry trade unwinds.

Japan's yen hits 40-year lows near 162 per dollar as $73.5B in interventions fail. The yen carry trade poses major risks for Bitcoin and crypto markets.

Japanese bond yields continue to rise, lifting their U.S. counterparts posing a potential headwind for risk assets.