"Global Bond Yield Rise May Exert Downward Pressure on Cryptocurrencies"

According to cryptocurrency-focused media CoinDesk on the 8th (local time), as global bond yields are on the rise, cryptocurrency prices may face downward pressure.

The media reported, "The U.S. 10-year Treasury yield rose to 4.7% today, nearing its peak, while the U.K. 30-year Treasury yield climbed to 5.35%, the highest since 1998."

It continued, "Japan's 10-year Treasury yield also reached 1.18%, the highest in 15 years," explaining that "despite the rise in bond yields, cryptocurrency prices, including Bitcoin (BTC), showed strength until the end of last year, but there is a possibility that cryptocurrency prices may face pressure in the future."