Crypto Market Crash: Liquidations Cross $800 Million As Japan’s Nikkei Drops 7%

Quick Summary:

There’s too much blood on Satoshi Street currently with the broader crypto market crashing by 12.87% with more than $300 billion eroded from the crypto market in the last few hours.

Expectations of the US recession have shot up significantly after with the probability of hard landing increasing significantly.“Central banks have played with fire for years.

The cryptocurrency market is certainly going to feel the heat of the risk-averse bets going ahead.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaIsraelJapan

Topics: Bitcoin crash Japan Nikkei US recession Crypto market crash 24/7 Cryptocurrency News Altcoin crash

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 03:30:31 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 391 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 21927217

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Main Topics: Crypto

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News Last Updated: 9 hours ago

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