Global bond yields just hit fresh multi-year highs, with 10-year Japanese government bonds (JGBs) surging to a 30-year record. Despite the action in the bond market, Bitcoin is holding steady, trading right around $78,000.

Bitcoin Holds the Line Around $78K

Even as yields spike across debt markets, Bitcoin's price action has been muted. BTC is sticking close to $78,000, with price movement staying pretty tame given the busy macro backdrop.

Bond Yields at Multi-Year Highs

It's been a drawn-out bear run for government debt, pushing yields worldwide to their highest levels in years. In Japan, the yield on 10-year JGBs just hit heights not seen in nearly three decades.

Macro Moves and Crypto Markets

Traders are watching the surge in yields as a signal for risk and capital costs. So far, the bond market action hasn't sparked any major moves in BTC—Bitcoin is still trading right around that $78,000 mark.