Plunge

<ul class="wp-block-list news-points"> 
 <li>Japanese stock market crash sparks fears of economic impact on global and cryptocurrency markets.</li> 
 <li>Rising interest rates and yen’s weakness led to major selloffs, affecting global market sentiment.</li> 
 <li>Bitcoin tumbles amid the Japanese market crash, highlighting the connectivity of global markets.</li> 
</ul> 
Crypto analyst Michaël van de Poppe recently sounded the alarm on X (formerly Twitter), highlighting a dramatic 12% drop in Japan’s stock index in a single day – the steepest decline since the market crash of 1987. He expressed concerns about the potential negative impact on the crypto market, suggesting that “capitulation is here” and financial markets may face a slow recovery. 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Japanese Stock Index is down 12% on the day. The largest crash since 1987. Capitulation is here. Moneyprinter goes brrr really soon. <a href="https://t.co/TJgwgx0SS2" target="_blank" rel="nofollow">pic.twitter.com/TJgwgx0SS2</a>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1820333675344437560?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 5, 2024</a>
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Leading Japanese trading houses like Mitsubishi, Mitsui &amp; Co, Sumitomo, and Marubeni saw their <a href="https://www.cnbc.com/2024/08/05/asia-markets.html" target="_blank" rel="nofollow">stock prices tumble by about 10%</a>. This downturn follows Friday’s sharp declines, when the Nikkei and TOPIX indices fell by 5% and 6%, respectively. 
The market downturn stems from the Ba…
The post <a href="https://coinedition.com/japanese-stock-plunge-fuels-crypto-capitulation-fears/">Japanese Stock Plunge Fuels Crypto Capitulation Fears</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Japanese Stock Plunge Fuels Crypto Capitulation Fears

Coin Edition

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