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Bitcoin News: BTC Faces Pressure as Japan’s Bond Yields Hit 16-Year High
- Bitcoin faces pressure as Japan's bond yields reach a 16-year high.
- Surging Japanese bond yields indicate potential risk aversion.
- The rise in yields may lead to a correction in Bitcoin's price triggered by geopolitical and economic uncertainties.
- Market analysts anticipate Bitcoin prices dropping to as low as $70,000 in the coming weeks.
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