Bitcoin Stalls Near 13 Million Yen as Market Eyes Post-Jackson Hole Yield Curve

Bitcoin (BTC) approached the 13 million yen mark following the U.S. Treasury's bond buyback program but faced resistance, currently trading around 12.7 million yen. Analysts at bitbank note that the market's immediate focus is on interest rate trends following the Jackson Hole Economic Symposium. The direction of Bitcoin's price will likely be determined by which segment of the yield curve experiences the most significant movement.