Plunge

Crash

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Bitcoin

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<ul class="wp-block-list"> 
 <li>Nikkei 225 recorded the largest two-day drop, worse than the 1987 Black Monday crash.</li> 
 <li>South Korea halts all stock sales to control market meltdown.</li> 
 <li>Cryptocurrencies suffer a steep single-day drop; Bitcoin drops to $52,300.</li> 
</ul> 
Stock markets worldwide have experienced a seismic shift following Japan’s Nikkei 225 index recording its largest two-day drop in history, surpassing even the infamous <a href="https://www.reuters.com/markets/asia/japans-nikkei-sees-biggest-rout-since-1987-black-monday-2024-08-05/" target="_blank" rel="nofollow">Black Monday crash</a>.&nbsp; 
Against the backdrop of broader market meltdown, South Korea has taken the unprecedented step of halting all sales orders in an attempt to stabilize the deepening crisis. The nation also deemed the latest stock market decline “excessive” and vowed to closely monitor the situation, prepared to implement further stabilization measures. 
A perfect storm is hitting global financial markets, sending shockwaves through economies. The Nikkei index has erased all year-to-date gains in just three weeks, plunging into bear market territory. This dramatic downturn follows closely on the heels of the Bank of Japan’s controversial decision to hike interest rates in a slowing economy. 
The unexpected unwinding of Japan’s Yen carry-trade has exacerbated the situat…
The post <a href="https://coinedition.com/black-monday-2-0-crypto-crash-follows-nikkei-plunge/">Black Monday 2.0: Crypto Crash Follows Nikkei Plunge</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Black Monday 2.0: Crypto Crash Follows Nikkei Plunge

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