Coindesk

Crypto bulls may need to brace for some turbulence as Japan’s 20-year government bond yield surged to its highest level since 2008 in a move that has historically led to aversion from risk assets such as bitcoin (BTC).The Japanese Government Bond (JGB) yield climbed to 2.265% last week, a level not seen since the global financial crisis, amid speculation of potential rate hikes by the Bank of Japan (BOJ) and rising inflationary pressures.These are similar conditions to August 2024, where strength in the yen saw a global sell-off from equities to bitcoin, as CoinDesk reported at the time. A surge in Japanese bond yields, coupled with geopolitical and economic uncertainties, is fueling concerns among traders that BTC could face a...

A crypto market sell-off extended into its second week as bitcoin (BTC) prices stooped to nearly $80,000 late Sunday, triggering a fresh decline in major tokens and altcoins.Dogecoin (DOGE) and Cardano’s ADA led losses with a nearly 10% slump over the past 24 hours, data shows, with XRP falling more than 7%. BNB Chain’s BNB, ether (ETH) and tron's TRX) fell 5%, while BTC lost 4%.This has sent the well-followed crypto fear and green index to a multi-year low reading of 17 — which indicates ‘extreme fear’ — in its lowest level since mid-2023.The index measures investor emotions and ranges from 0 (lowest sentiment) to 100 (highest sentiment), helping identify whether investors are too scared (potential buying opportunity) or too...

Spanish financial giant Banco Bilbao Vizcaya Argentaria (BBVA) has gotten approval from the country's financial regulator to offer bitcoin (BTC) and ether (ETH) trading to its clients, according to a Reuters report. The approval come as the Markets in Crypto-Assets (MiCA) regulation takes full effect across the European Union. This approval for BBVA marks the conclusion of a multi-year process for the Spanish lender to allow for its clients to get exposure to digital assets.In 2020, CoinDesk reported that BBVA planned to dip its toes in the sector, pending regulatory approval because MiCA wasn't yet in place. BBVA initially planned to launch its crypto services from Switzerland rather than Spain or other EU countries because Switzerland already had a clear...

Treasury Secretary Howard Lutnick insists the U.S. economy is on solid footing despite concerns from Wall Street that a recession is in the cards.“Absolutely not,” he said on a Sunday edition of Meet the Press when asked if Americans should prepare for a downturn."There's going to be no recession in America," he continued. "It's like the same people who thought Donald Trump wasn't a winner a year ago. Donald Trump is a winner. He's going to win for the American people."A recession is two consecutive quarters of economic contraction, caused by imbalances from external or internal factors, or combination of both. This argument contradicts comments made by the President earlier, who didn't rule out a recession, calling it part of...

lt's yet another Sunday selloff in crypto, with bitcoin (BTC) looking set to retest its 2025 low of just about $78,000.At just past 7:00 pm ET, bitcoin had slumped to exactly $80,000, down 7% over the past 24 hours. The world's largest crypto did manage the most modest of bounces from there, trading at $80,700 at press time. Ether (ETH), solana (SOL) and XRP (XRP) were lower by similar amounts, while cardano (ADA) and dogecoin (DOGE) had plunged closer to 12%."There could be a little disruption," said U.S. President Donald Trump in a Fox News appearance on Sunday when asked about the impact of his tariff and budget-cutting policies. "If you look at China, they have a 100-year perspective …...