December in the crypto market starts with a crash as BTC fell below $86K and dragged all coins down with it. The pattern repeats since after a red November, there has always been a red December before.
🔽 Liquidations in 24 hours exceeded $638 million, while literally in the last hour the market lost $15 billion.
📉 Reason for the crash: Bond yields in Japan have returned to 2008 levels, and the Bank of Japan may raise rates on December 19.
‼️ Japan and China are rejecting US debt, while America needs huge borrowings. Liquidity is drying up. The only salvation is a Fed rate cut and the end of quantitative tightening.
🪙 The price of gold has reached a new maximum level around $4250.
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⚠️ Red December Begins
December in the crypto market starts with a crash as BTC fell below $86K and dragged all coins down with it. The pattern repeats since after a red November, there has always been a red December before.
🔽 Liquidations in 24 hours exceeded $638 million, while literally in the last hour the market lost $15 billion.
📉 Reason for the crash: Bond yields in Japan have returned to 2008 levels, and the Bank of Japan may raise rates on December 19.
‼️ Japan and China are rejecting US debt, while America needs huge borrowings. Liquidity is drying up. The only salvation is a Fed rate cut and the end of quantitative tightening.
🪙 The price of gold has reached a new maximum level around $4250.