Japan's long-dated bond yields hit record highs; Bitcoin holds near $78,000

ChainCatcher reports, citing Cointelegraph, that the global bond sell-off is accelerating. Japan's 10-year government bond yield rose to 3% on Tuesday, its first return to that level since 1996, while the 30-year yield broke above its previous record of 4.18%. In the U.S., the 10-year Treasury yield climbed to a multiyear high of 4.78%, lifting long-term sovereign yields worldwide to their highest levels since the 2008 financial crisis. Against this backdrop, Bitcoin has stayed rangebound around $78,000, easing from an earlier peak near $79,000. Technical resistance is clustered from the current spot level up to $86,000, limiting upside momentum. Near-term sentiment remains cautiously constructive, with $76,000–$82,000 seen as the key battleground in the weeks ahead. Selling pressure followed U.S. Treasury Secretary Bessent's announcement that the cap on Treasury buyback operations will be raised to $4 billion starting in September. Some market observers have compared the step to a form of yield curve control. Separately, Arthur Hayes has argued that the Federal Reserve will eventually activate the FIMA repo facility—a channel that could inject fresh U.S. dollar liquidity—which underpins his preference for allocations to Bitcoin, gold, and cryptocurrencies. Bessent had previously suggested in August that the tool could be used in the future.