Global Indices Tumble, JGB Yields Spike, Bitcoin Breaks $81K

1. Major stock indices in Europe and South Korea (KOSPI -5%) have dropped significantly, indicating a strong risk-off sentiment in the global market.
2. The 10-year Japanese government bond (JGB) yield has surged to its highest level since 1997, putting significant pressure on global bond markets and the Yen.
3. Bitcoin has broken below the key psychological level of $81,000, raising concerns of further declines in the crypto market.