On Thin Ice: Crypto Daybook Americas

Market Overview - The crypto market sentiment remains negative, with bearish projections amid price weakness, as Bitcoin's bounce from a dip below $84,000 has stalled near $87,000, and major altcoins are pressing near their Monday lows [1] - The overall market capitalization is just below $3 trillion, with a focus on whether bulls can defend the late November lows near $2.83 trillion [2] ETF Activity - U.S.-listed spot ETFs experienced inflows of $8.48 million on Monday, marking a three-day streak, but the total four-day inflow of $229 million is significantly lower than the billions in outflows since early October [3] Interest Rate Concerns - Observers are calling for a reassessment of fears regarding higher interest rates in Japan and their potential destabilizing effects on cryptocurrencies and the broader financial market [4] - Concerns are raised that if Japan allows interest costs as a percentage of GDP to rise, it may lead to a significant budget deficit, impacting the welfare state [5] Token Performance - KAS, the native token of the Kaspa blockchain, showed resilience with an 8% increase last month, attributed to the introduction of verified programmability (vProgs) that enhances its layer 1 capabilities without sacrificing speed, security, or decentralization [6]