European stocks closed lower on December 2, with Germany's DAX index dropping over 1% due to rising U.S. Treasury yields. The DAX ended at 23,589.45, down 1.04%, while France's CAC 40 and the UK's FTSE 100 also saw declines, closing at 8,097.01 (-0.32%) and 9,702.54 (-0.18%) respectively. The increase in U.S. Treasury yields, with the 10-year yield reaching 4.09%, tightened global financial conditions and dampened risk appetite, impacting Bitcoin prices. Meanwhile, silver reached a record high, and crude oil prices saw a slight increase. The market movements reflect a cautious investor sentiment amid changing financial conditions.