This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today European markets closed higher U.S. markets were closed for the Thanksgiving holiday on Thursday. Asia-Pacific markets mostly fell on Friday. South Korean markets led declines, with the Kospi index dropping 1.88%. Japan’s Nikkei 225 lost roughly 0.5% as investors assessed Tokyo’s 2.6% inflation rate in November. Bucking the trend, China’s CSI 300 rose around 1.2%. One reason it fell was that investors cashed in on bitcoin’s unprecedentedly high price, increasing the supply of bitcoin. “Long-term holders have started to distribute significant amounts of bitcoins into the recent rally,” Andre Dragosch, head of research for Europe at crypto-focused asset management firm Bitwise, wrote in a research note shared Monday. But there are more fundamental reasons some strategists aren’t sure bitcoin can muster enough strength to touch the six-digit milestone. The $100,000 mark “feels as if it has become a high hurdle, if not a barrier, for further gains,” said David Morrison, senior market analyst at brokerage firm Trade Nation. In fact, bitcoin’s recent surge might be giving investors a false sense of security, according to George Milling-Stanley, State Street Global Advisors’ chief gold strategist. “Bitcoin, pure and simple, it’s a return play,” said Milling-Stanley, which suggests that investors are piling into bitcoin to