US yield curve hits 2021-style extremes as Japan bond moves cloud Bitcoin outlook into 2026

The gap between long- and short-dated US government bond yields has reached its widest level since 2021, raising concerns about Bitcoin's performance heading into 2026. Strategists warn that Japan's record 30-year yield and gold's recent strength, alongside higher long-term Treasury rates, could weigh on high-beta assets such as BTC around key price levels.