The global financial market is experiencing a series of shocks and instability. This Monday led to a record drop in quotes on the Tokyo Stock Exchange. The Nikkei 225 index fell by 4,451 points, which is comparable to the stock market crash of 1987, which led to a protracted economic recession. Experts attribute this to the strengthening of the yen, negative economic data from the United States, a decrease in production in China and other global factors.
As he writes CNNthe situation on the Japanese stock exchange has already caused a domino effect and led to a decline in the stock market in South Korea, Taiwan, and other Asian countries. Many large companies have seriously lost capitalization. It should be noted that the harbinger of such a collapse were negative trends in the American stock market, a decline in the Dow Jones index, and poor expectations regarding the income of IT companies. Among various prerequisites, experts mentioned that the market is overheated due to high and unjustified expectations regarding artificial intelligence.
This situation could not but affect the cryptocurrency market. If a few days ago Bitcoin was trading at $68,000, now it has fallen to below $53,000. The cost of Ethereum fell to $2,300. And in general, all cryptocurrencies have seriously lost value. If the current year has started very successfully for crypto investors, then its second half may be associated with the beginning of a protracted decline.
