Hacked Down: Crypto Daybook Americas
By Omkar Godbole (All times ET unless indicated otherwise)
December has started weak, with bitcoin trading at $86,800, down 5% over 24 hours after touching a low of $85,732 during the early Asian hours. The CoinDesk 20 and CoinDesk 80 Indices are off more than 6% apiece, signaling deeper risk-off moves in the broader crypto market.
The blame likely falls on fresh worries over Bank of Japan rate hikes and soft Chinese economic data, both of which are crimping risk appetite across regional equities and digital assets.
“Markets are questioning whether global liquidity is truly easing,” Singapore-based QCP Capital noted, pointing to Strategy CEO Phong Lee’s remark that his firm could sell its BTC holdings if shares trade below…
