The crypto market had a rough start in December! Mainstream tokens fell over 5% in 3 hours, and these unfavourable information has bewildered the market.

The first day of December gave the crypto market a "wake-up call"—BTC, ETH, and other mainstream tokens all fell by more than 5% within 3 hours. The trigger for this drop is somewhat dense:

The Bank of Japan adopts a hawkish stance: Governor Kazuo Ueda stated that interest rates will continue to rise, directly causing a collapse in the Asia-Pacific stock market, with risk assets suffering as a result.
The Federal Reserve's "little essay" causes turmoil: it is rumored that Powell is set to resign urgently, coupled with news of Trump finalizing the candidate for the Federal Reserve Chairman, resulting in a sudden spike in policy uncertainty;
Regulatory hints again: It is clear domestically that virtual currency-related businesses are illegal financial activities, and stablecoins are also included in the regulatory scope.

On one side, there is the favourable information from interest rate cut expectations supporting the market, while on the other side, unfavourable information is piling up and causing sell-offs. The market has now directly entered the "accelerated tug-of-war between bulls and bears." #成长值抽奖赢iPhone17和周边 #十二月行情展望 #GIGGLE和PIPPIN强势上涨