---
title: So what's going on in markets this morning? Why are Cryptos tumbling again?
description: "A ris-off signal to start December? Well, it seems that the spike in Japanese bonds yields is the culprit... Indeed, Japanese bonds are puking on renewed expectations of rate hike, as the 2Yr JGB yield is above 1% for the first time since 2008. The yen is firming and the Nikkei 225 index is tumbling. \nAnd since nowadays Bitcoin always correlates with anything that's down, we have a 5% dump in Bitcoin in Asian trading to $85k....\n\nIn the middle of Asian session, BoJ Governor Ueda said he was consider the \"pros and cons\" of raising interest rates at the BoJ's December and idea that the market got hold of last week as the odds of a BoJ Dec rate hike increased from 30% to 50%.\n\nSource: Bloomberg, zerohedge"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [So what's going on in markets this morning? Why are Cryptos tumbling again?](https://blog.syzgroup.com/syz-the-moment/so-whats-going-on-in-markets-this-morning-why-are-cryptos-tumbling-again)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Dec 1, 2025, 2:51:19 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/so-whats-going-on-in-markets-this-morning-why-are-cryptos-tumbling-again)

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