Good morning, Asia. Here\u2019s what\u2019s moving the markets today.<\/p>\n\n\n\n
Welcome to the Asia Morning Briefing<\/strong>, your daily snapshot of the top overnight stories and market action. For a full breakdown of U.S. markets, check out CoinDesk\u2019s Crypto Daybook Americas<\/strong>.<\/p>\n\n\n\n Bitcoin slipped under $90,000<\/strong> during early Hong Kong trading as Japanese government bond yields spiked to levels not seen since 2008, shaking risk appetite across the region.<\/p>\n\n\n\n Japan\u2019s 2-year government bond yield briefly hit 1.01%<\/strong>, the highest in 17 years, after BOJ Governor Kazuo Ueda<\/strong> signaled that the central bank will discuss whether a rate hike<\/strong> is appropriate at this month\u2019s meeting.<\/p>\n\n\n\n The comments accelerated speculation that Japan\u2019s decades-long low-rate environment is ending.<\/p>\n\n\n\n Traders bought the yen aggressively during Tokyo\u2019s morning session. A stronger yen typically leads to the unwinding of yen-funded carry trades<\/strong> a key source of liquidity fueling global risk assets throughout the year.<\/p>\n\n\n\n Crypto markets, which react quickly to liquidity shifts in Asia, dropped sharply:<\/p>\n\n\n\n Prediction markets are also signaling uncertainty. On Polymarket<\/strong>, the odds of a December BOJ rate hike<\/strong> are now near 50%<\/strong>, up seven percentage points.<\/p>\n\n\n\n This week, traders will be focused squarely on:<\/p>\n\n\n\n Another burst of hawkish signaling could spark fresh volatility across Asian equities and crypto.<\/p>\n\n\n\n Bitcoin\u2019s slide below $87,500 triggered a cascade of forced liquidations<\/strong>, wiping out more than $150 million in BTC long positions<\/strong>. Rising Japanese yields pressured leveraged traders to unwind quickly.<\/p>\n\n\n\n Ether dropped toward $2,850<\/strong>, with roughly $140 million in long liquidations<\/strong> as Asia\u2019s rate outlook tightened liquidity conditions.<\/p>\n\n\n\n A Goldman Sachs survey shows nearly 70% of institutional investors<\/strong> expect gold to continue climbing. The largest group sees prices above $5,000 by 2026<\/strong>.<\/p>\n\n\n\n Asia-Pacific equities weakened Monday. Japan\u2019s Nikkei 225 fell 1.3%<\/strong>, with traders awaiting China\u2019s latest manufacturing data and pricing in an 87% probability of a U.S. Federal Reserve rate cut<\/strong>.<\/p>\n\n\n\n Good morning, Asia. Here\u2019s what\u2019s moving the markets today. Welcome to the Asia Morning Briefing, your daily snapshot of the top overnight stories and market action. For a full breakdown of U.S. markets, check out CoinDesk\u2019s Crypto Daybook Americas. Bitcoin Falls as Japan\u2019s Bond Yields Surge Bitcoin slipped under $90,000 during early Hong Kong trading…<\/p>\n","protected":false},"author":3,"featured_media":12843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[1700,69,65,86],"class_list":["post-12840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-asia","tag-bitcoin","tag-crypto","tag-market"],"yoast_head":"\nBitcoin Falls as Japan\u2019s Bond Yields Surge<\/strong><\/h2>\n\n\n\n
Yen Strength Pressures Risk Assets Including Crypto<\/strong><\/h2>\n\n\n\n
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Market Movement<\/strong><\/h2>\n\n\n\n
BTC<\/strong><\/h3>\n\n\n\n
ETH<\/strong><\/h3>\n\n\n\n
Gold<\/strong><\/h3>\n\n\n\n
Nikkei 225<\/strong><\/h3>\n\n\n\n
Elsewhere in Crypto<\/strong><\/h2>\n\n\n\n
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