COINOTAG News reports a turbulent December session as the crypto market endured a rare Black Monday. Bitcoin and Ethereum each shed over 5% within roughly three hours, signaling renewed risk-off sentiment and liquidity stress across leading digital assets.
Macro venues followed with caution as the Bank of Japan chief Haruhiko Kuroda signaled that rate hikes could persist if economic activity and inflation projections materialize, triggering a broad retreat in Asia-Pacific equities during early trading.
Market chatter around U.S. policy leadership remains unconfirmed: reports of Fed Chair appointments and Powell resignation circulate, but lack official confirmation. Separately, the People’s Bank of China, in a November 28 meeting, urged tighter crypto oversight, reiterating that virtual currencies lack legal tender status and should not circulate; stablecoins were flagged for AML/KYC gaps and cross-border risk.
Source: https://en.coinotag.com/breakingnews/bitcoin-slips-over-5-on-december-black-monday-as-boj-hawkishness-and-fed-rumors-spark-global-market-selloff
