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HomeCrypto News$150B wiped: Bitcoin drops below $87k on Japan yield shock

$150B wiped: Bitcoin drops below $87k on Japan yield shock

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“`json
{
“title”: “Bitcoin Retreats Below $87,000 as Japanese Bond Yield Spike Triggers Market Sell-Off”,
“content”: “Bitcoin’s price declined sharply in early Asian trading on December 1, falling nearly 5% to drop below the $87,000 level. The move erased recent gains and represented a significant departure from a consolidation pattern that had held near $91,000. Market analysts attribute the sudden downturn to a surge in Japanese government bond yields, which prompted a broad shift away from risk assets across global financial markets. The resulting sell-off exposed underlying fragility in the cryptocurrency market’s structure, which had been characterized by relatively low trading volumes. This episode highlights Bitcoin’s continued sensitivity to traditional macroeconomic developments and shifts in global liquidity conditions, even as institutional adoption progresses. The sharp correction serves as a reminder of the asset’s volatility and its interconnectedness with broader financial market sentiment.”,
“tags”: [“Bitcoin Price”, “Cryptocurrency Market”, “Macroeconomic Factors”, “Market Volatility”, “Risk Assets”]
}
“`

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