Major Stock Market Crash in Japan and Its Implications on Crypto Markets
8/2/2024 1:19:38 PM
According to @CryptoMichNL, there has been a significant stock market crash in Japan, the largest since Black Monday in 1987. This has led to a cascade in yields and the U.S. Dollar Index (DXY), coinciding with weakening labor markets. A September rate cut by the Federal Reserve is now seen as certain, leading to an expansion in the liquidity cycle. The U.S. economy is facing substantial trouble, which could have broad implications for cryptocurrency markets. (Source)
DXY rate cut Federal Reserve Japan Stock Market Black Monday