Macro and policy overhangs weigh on crypto risk-taking

CoinDesk flags the Bank of Japan’s plan to lift rates to a 30‑year high as another threat to Bitcoin, since a stronger yen can unwind leveraged carry trades that have fed into crypto. In Washington, progress on a U.S. crypto market‑structure bill may slip into January, extending regulatory uncertainty just as markets digest hawkish central‑bank signaling and a tech‑led equity pullback that has reinforced a cautious stance toward high‑beta digital assets.