Bloomberg experts explain the pressure on Bitcoin and global markets.
Date: 2025-12-02 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
With the start of the new trading week, market participants experienced a noticeable decline in interest in risky assets. Bitcoin lost ground above $86,000, amid growing uncertainty and accelerating sell-offs, according to Bloomberg. Analysts note that the decline in the largest cryptocurrency coincided with heightened expectations regarding a possible rate hike by the Bank of Japan. These signals led to a deterioration in sentiment on the exchanges and triggered a massive reduction in positions by investors who prefer assets with higher volatility.
S&P 500 futures simultaneously fell by approximately 0.6%, and Bitcoin's decline dragged down other digital assets. Tech stocks also came under pressure, with shares of companies like Meta Platforms and Nvidia losing more than one percent in pre-market trading. Against this backdrop, Bloomberg cited data from the BTC/USDT chart on Binance, which shows a sharp decline in momentum.
According to experts, the key factor was the comment by the Bank of Japan's governor, who suggested a rate hike for the first time in an extended period. The yield on the country's two-year bonds reached a seventeen-year high, triggering a wave of sell-offs in government debt instruments around the world. A tightening of Japanese monetary policy could significantly alter the structure of international currency transactions related to interest rate differentials and also impact global liquidity.
Uncertainty is heightening anticipation of US macroeconomic data releases. Investors are awaiting manufacturing statistics, a new PCE inflation report, and comments from Federal Reserve officials ahead of their year-end meeting. Meanwhile, the appointment of Jerome Powell's successor remains open, adding to market jitters.
Experts believe Bitcoin's decline reflects the overall sentiment of participants. The fear and greed indicator fell more sharply than the currency itself, which typically indicates a more emotional exit from traders and a predominance of sellers. Bloomberg emphasizes that December could be marked by high volatility, as expectations of Fed easing are already partially priced in, and the scope for further stimulus measures is limited.
It was previously reported that Bitcoin and Ethereum ended November with their smallest losses in seven years, but current developments show that market confidence remains volatile and can change rapidly under the influence of macroeconomic factors.
