<\/p>\n\n\n\n
Bitcoin fell sharply in Asian trading on Monday, kicking off the new month with renewed volatility after a serious incident at DeFi protocol Yearn Finance<\/strong> ignited widespread concerns over market liquidity.<\/p>\n\n\n\n By 01:07 ET (06:07 GMT), Bitcoin was down 5.3% at $86,075.6<\/strong>, after touching an intraday low of $85,638.3<\/strong>. The world\u2019s largest cryptocurrency slumped more than 16% in November<\/strong>, marking one of its weakest monthly performances this year.<\/p>\n\n\n\n The downturn accelerated after Yearn Finance disclosed it was investigating an \u201cincident\u201d<\/strong> involving its yETH liquidity pool<\/strong>. In practical terms, the exploit enabled the creation of tokens \u201cout of thin air,\u201d severely undermining confidence in the pool\u2019s underlying assets. Bitcoin\u2019s slide came despite a generally supportive macro backdrop. According to CME FedWatch:<\/p>\n\n\n\n Rate-cut optimism helped steady risk assets late last month, but the Yearn exploit overshadowed those tailwinds.<\/p>\n\n\n\n Adding to market nerves, U.S. President Donald Trump<\/strong> said over the weekend he already knows whom he will nominate as the next Federal Reserve Chair<\/strong>, though he did not name the candidate.<\/p>\n\n\n\n Speculation has intensified around figures such as:<\/p>\n\n\n\n Investors worry that changing leadership at a critical policy juncture might introduce new volatility across risk-sensitive markets \u2014 including crypto.<\/p>\n\n\n\n Panic selling spread quickly across the altcoin space:<\/p>\n\n\n\n Bitcoin fell sharply in Asian trading on Monday, kicking off the new month with renewed volatility after a serious incident at DeFi protocol Yearn Finance ignited widespread concerns over market liquidity. By 01:07 ET (06:07 GMT), Bitcoin was down 5.3% at $86,075.6, after touching an intraday low of $85,638.3. The world\u2019s largest cryptocurrency slumped more …<\/p>\n","protected":false},"author":9,"featured_media":54500,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,36],"tags":[],"class_list":["post-121300","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=121300"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121300\/revisions"}],"predecessor-version":[{"id":121301,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121300\/revisions\/121301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/54500"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Yearn Finance Liquidity Shock Sends Ripple Through Crypto Markets<\/strong><\/h3>\n\n\n\n
Early reports indicated that a flaw allowed an attacker to mint an extremely large quantity of yETH tokens<\/strong>, effectively flooding the pool with artificial supply.<\/p>\n\n\n\n
The shock triggered a rapid exit from correlated DeFi environments and spilled over into broader crypto markets \u2014 Bitcoin included.<\/p>\n\n\n\nFed Rate Cut Bets Offer Support, But Not Enough<\/strong><\/h3>\n\n\n\n
Markets significantly increased bets on a 25 bps Fed rate cut in December<\/strong>, driven by signs of softening U.S. economic growth and cooling inflation.<\/p>\n\n\n\n\n
(up from ~40% a week earlier)<\/li>\n<\/ul>\n\n\n\nFed Chair Speculation Adds to Uncertainty<\/strong><\/h3>\n\n\n\n
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Altcoins Hit Hard: Ether Drops 6%, XRP Falls Over 7%<\/strong><\/h3>\n\n\n\n
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