Bitcoin, Ethereum, XRP, Dogecoin Drop 5% On Rising Japanese Bond Yields

Bitcoin has tumbled below $87,000 as rising Japanese bond yields impact risk assets, with liquidations topping $637.55 million over the past 24 hours.

BTC Kicks Off December In The Red

Crypto trader Jelle noted Bitcoin was “smacked down” from its first major resistance, marking the monthly high almost instantly.

Historically, this type of early-month rejection increases the odds of a revisit—and potential breakout, above $90,300 before year-end.

A higher low here would help set up that move.

Ted Pillows added that BTC’s rejection from the $92,000–$93,000 supply zone led to a nearly $7,000 drop, with price now stabilizing near $86,000.

He emphasized …

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