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Global markets shifted abruptly into a defensive posture this week, with U.S. equities dropping over 2% amid a dual shock of fiscal instability in Japan and renewed trade war tensions between the U.S. and Europe, according to a market commentary published by QCP on Wednesday, Blockspace reported. Bitcoin has fallen below $90,000, failing to hold its recent reclamation of the $97,000 level as the cryptocurrency struggles to find footing.
Japan’s government bond market jolted global finance this week after yields jumped fast, forcing officials to step in, 99Bitcoins reported. U.S. Treasuries wobbled in response, while Bitcoin hovered near recent ranges as traders paused. This fits a bigger macro story where bond stress, central banks and risk assets keep colliding. For crypto beginners, this sounds distant. It isn’t. Bond markets sit under everything, including Bitcoin. Japanese government bonds are IOUs backed by the world’s third-largest economy. When investors sell them hard, yields rise.