HashKey’s Rollercoaster: A Brief 3% Surge Crashes into a 2.1% Session Loss
HashKey's latest trading session was a masterclass in crypto volatility. The platform opened with a promising 3% surge, only to see those gains evaporate by the closing bell.
From Green to Red in a Single Session
The initial pop hinted at bullish momentum, a sign traders were buying the narrative. But the market had other plans. Selling pressure mounted throughout the day, systematically erasing the early advance.
The Numbers Tell the Story
That fleeting 3% gain wasn't just reversed—it was overcorrected, leaving the session deep in the red. The final tally: a 2.1% loss. It's the kind of whipsaw action that turns a quick profit into a lesson in patience, or as traditional finance might call it, 'a healthy correction'—their favorite euphemism for losing money slowly.
For crypto natives, it's just another day at the office. The asset class doesn't do gentle slopes; it builds rollercoasters. Today's session proves that even established players like HashKey aren't immune to the market's mood swings. The takeaway? In crypto, the opening bell is just a suggestion, and the closing price is the only truth that matters.
Asia-Pacific markets react to new data
Across the region, markets moved in different directions as investors looked at fresh trade data out of Japan.Japan’s exports for November ROSE 6.1% year over year, beating the 4.8% forecast from economists.
It also came in above the 3.6% recorded the month before. The Nikkei 225 stayed flat, while the Topix slipped 0.25%. South Korea’s Kospi climbed 0.72%, and the Kosdaq added 0.19%.
Japan also saw a major banking move, with SBI Shinsei Bank jumping more than 12% after a 322 billion yen IPO priced at 1,450 yen per share.
Export data showed a 23.6% rise in goods shipped to Western Europe and an 8.8% rise in exports to the U.S., marking the first U.S. export increase since March. Auto exports fell 4.1% by value, yet shipments to the U.S. grew 1.5% year over year.
Revised GDP numbers showed Japan shrinking 0.6% in Q3 and 2.3% on an annualized basis.Shipments to mainland China dropped 2.4%, while exports to Hong Kong jumped 11.4% compared to last year.
“Foodstuff” exports to China fell 5.9%, adding to a tense month between both countries after Japanese Prime Minister Sanae Takaichi said a Chinese attempt to take Taiwan by force could push Japan’s military to step in.
Beijing reacted by limiting seafood imports.
Imports into Japan rose 1.3%, missing the 2.5% forecast. Even with the trade friction, business sentiment looked better, with the Bank of Japan’s latest Tankan survey showing stronger views among firms, especially small manufacturers.
Regional indexes move as oil jumps on Trump order
Australia’s S&P/ASX 200 slipped 0.25%, while Hong Kong’s Hang Seng Index inched up 0.18% to 25,280.13.The CSI 300 on the mainland dipped slightly.South Korea’s Kospi closed at 4,028.17, up 0.73%.
The Nikkei 225 finished at 49,553.71, rising 0.35%. India’s Nifty 50 sat at 25,860.10 with no change. Shanghai’s market added 0.16% to 3,831.061.
Oil prices moved again after U.S. President Donald TRUMP posted on Truth Social that he would order a “TOTAL AND COMPLETE BLOCKADE OF ALL SANCTIONED OIL TANKERS” entering and leaving Venezuela.
West Texas Intermediate crude rose more than 1% to $55.96. This came after U.S. crude fell nearly 3% the day before, hitting its lowest level since early 2021 due to concerns about oversupply and possible progress toward a peace deal in Ukraine.
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