🚨#breaking :#globalcryptomarketupdate 🚨
📉 $BTC and $ETH both plunged today — Bitcoin dipped below $87,000 as $539 M in long-positions were liquidated.
🌐 The sell-off kicked off December with a wave of volatility across major cryptos — as markets grew cautious around liquidity and macroeconomic uncertainty.
🏦 Meanwhile, People's Bank of China (PBOC) doubled down on its crackdown on stablecoins and crypto activity, rattling markets and renewing concerns over regulatory risk.
🇹🇲 In Central Asia, Turkmenistan passed a new law legalizing and regulating crypto mining and exchanges — a big shift in national crypto policy.
📉 In Hong Kong, crypto-related stocks slid sharply after the crackdown — firms like Yunfeng Financial Group and OSL Group saw steep drops, reflecting broader investor jitters.
🔗 On the institutional front, London Stock Exchange Group (LSEG) pledged £100 million toward its blockchain-based Digital Markets Infrastructure, signalling growing mainstream interest in tokenization.
mentioning $SOL
