Crypto market steadies as Japan's bond market chaos eases

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Source: CryptoNewsNet Original Title: Crypto market steadies as Japan’s bond market chaos eases Original Link: https://cryptonews.net/news/analytics/32316842/ Major cryptocurrencies steadied Thursday as Japan’s government bonds recovered for the second day in a row, easing a major economic worry that had dragged down bitcoin and other coins earlier this week.

Bitcoin hovered near $90,000 during Asian trading hours after swinging sharply over the past 24 hours, while ether traded back above $3,000. Major tokens including solana, XRP and cardano also stabilized after steep losses earlier in the week.

The stabilization came as prices for Japan’s longer duration government bonds recovered, sending yields lower.

Yields on 30-year Japanese debt fell sharply after government officials called for calm, reversing part of a surge that had pushed borrowing costs to multi-decade highs.

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