A 43-day U.S. government shutdown in November led to a significant disruption in the release of key economic data, causing uncertainty across global markets. This period of data vacuum resulted in sharp declines in AI stocks and major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), which mirrored the volatility typically seen in tech stocks. Despite the broader market instability, RWA tokens and privacy coins emerged as strong performers. The market turbulence was further influenced by central bank policy shifts, pressures in China's real estate sector, and a cooling in the AI industry. As December unfolds, market direction will likely hinge on forthcoming macroeconomic data, central bank decisions, and prevailing sentiment in the crypto markets.