𝗪𝗵𝘆 𝗖𝗿𝘆𝗽𝘁𝗼 𝗶𝘀 𝗗𝗼𝘄𝗻 𝗧𝗼𝗱𝗮𝘆?

𝗛𝗶𝗱𝗱𝗲𝗻 𝗠𝗮𝗰𝗿𝗼 𝗦𝗵𝗼𝗰𝗸 𝗧𝗿𝗶𝗴𝗴𝗲𝗿𝘀 𝗕𝗧𝗖, 𝗘𝗧𝗛 𝗦𝗲𝗹𝗹-𝗢𝗳𝗳
Bitcoin, Ether and major altcoins opened December in the red, extending November’s steep declines as global macro uncertainty, rising bond yields in Japan and lingering liquidity stress triggered another wave of selling across early Asian trading hours.

BTC fell below $87,500, ETH slid toward $2,840 and SOL, DOGE and XRP recorded losses above 4%, according to CoinDesk data.

The downturn comes just as traders hoped for stabilization after a bruising November. Instead, shifting global rate expectations, thinning liquidity and continued institutional outflows kept pressure on risk assets.

𝑴𝒂𝒄𝒓𝒐 𝑺𝒉𝒐𝒄𝒌: 𝑱𝒂𝒑𝒂𝒏 𝑩𝒐𝒏𝒅 𝒀𝒊𝒆𝒍𝒅𝒔 𝑺𝒑𝒊𝒌𝒆 𝒕𝒐 17-𝒀𝒆𝒂𝒓 𝑯𝒊𝒈𝒉𝒔
The sharpest driver of Monday’s decline was a sudden jump in Japanese government bond yields:
Japan’s 2-year bond yield hit 1.01%, its highest level since 2008

Traders increased bets that the Bank of Japan could raise rates in December. The yen strengthened rapidly, prompting an unwind of yen-funded carry trades.

Crypto markets remain highly sensitive to liquidity shifts in Asia. As the yen surged, leveraged positions across BTC and ETH came under pressure, triggering forced selling.