In accordance with Bpaynews, a surprise hawkish tone from the Bank of Japan triggered a global bond selloff and increased FX volatility, with Bitcoin falling about 5% below $90,000. The yen strengthened as U.S. Treasury yields climbed, pressuring risk-sensitive assets. Polkadot dropped roughly 11% to $2.02 after breaking key support. Traders are reassessing rate paths and liquidity amid thin crypto markets and unwinding leverage. In the UK, a tax threshold freeze is expected to pull more earners into higher tax brackets, potentially weighing on growth and sterling. MicroStrategy built a $1.44 billion cash reserve and cut Bitcoin profit targets as crypto beta turned negative.
BOJ's Hawkish Turn Sparks Global Bond Selloff, Bitcoin Slides Below $90,000
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