Crypto Crushed By Triple-Whammy Overnight After an ugly November (the worst since 2018), December is continuing that trend with a big drop overnight that shook what had appeared to be a stabilizing market. Hawkish BoJ The overnight plunge appeared to be triggered by Japanese government bond (JGB) futures tumbling on expectations that the Bank of Japan would raise borrowing costs at its December meeting. Japan’s 2-year government bond yield briefly touched 1.01 percent, the highest since 2008, as traders bet the Bank of Japan’s long era of near-zero rates is ending. Some 90 minutes later, BOJ Governor Kazuo Ueda said in… — Continue at ZeroHedge News : Read More
