US Stock Market Move | Concept stocks of cryptocurrencies generally fell, Bitmine Immersion Technologies (BMNR.US) dropped more than 8%.

On Monday, the concept stocks of US cryptocurrency fell across the board, with Cypherpunk Technologies (CYPH.US) dropping nearly 9%, Bitmine Immersion Technologies (BMNR.US) dropping over 8%, Strategy (MSTR.US) dropping over 6%, Strive (ASST.US) dropping over 5%, Bitfarms (BITF.US) dropping over 5%, and Coinbase (COIN.US) dropping over 3%. In terms of news, Japanese government bond futures are falling sharply, as the market bets that the Bank of Japan will raise interest rates at the December meeting. Bank of Japan Governor Haruhiko Kuroda made a speech, stating that the committee will "discuss the pros and cons of raising interest rates", further strengthening market expectations of a hawkish stance. Following Kuroda's speech, the global cryptocurrency market quickly reacted, with Bitcoin falling below $85,000 at one point. The probability of a rate hike in Japan on December 19 has been raised from less than 25% a week ago to about 80%. BTC Markets analyst Rachael Lucas pointed out, "Bitcoin is no longer just focused on the Federal Reserve, now interest rate moves by central banks globally can trigger market volatility."