“Black Swan” Author Explains Japanese Market Collapse That Caused BTC Crash

Quick Summary:

After major US stock indexes plummeted, bitcoin lost 18% in a couple of days, falling from $61,000 to $49,750.

El Salvador president, Nayib Bukele’s Bitcoin advisor, Max Keiser, also commented on the recent situation in the financial markets, mostly referring to the U.S.

He stated that the damage has been minor and that if he were in the Fed’s shoes he would leave the interest rates unchanged to “let another 40% or more of air out of these markets.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United StatesEl SalvadorJapan

Topics: Crypto Regulations News Crypto news Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 12:30:42 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 419 words

Reading Time: 3 minutes read

Sentences: 45 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 21956634

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Official Website: coinpedia.org

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News Last Updated: 10 hours ago

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