**MFQwFQ**

1/ The crypto market fell 0.96% to $2.3T in 24 hours, driven by macro consolidation. An 82% correlation with the S&P 500 confirms crypto now trades as a rates-sensitive risk asset. This integration with traditional finance means global monetary shifts, not blockchain catalysts, currently dictate price action.
2/ Japan's 2-year bond yield hitting a 31-year high of 1.385% strengthened the $ and pressured risk assets. Rising global yields trigger capital rotation toward safety. Crypto's reaction proves it lacks insulation from traditional monetary policy, highlighting the need for regulatory fram