LynAlden on Nostr: Japan and Korean stock markets hitting circuit breakers. Bitcoin tapping below $54k. ...
Japan and Korean stock markets hitting circuit breakers. Bitcoin tapping below $54k.
Basically it’s goblin-land in terms of western liquidity on a Sunday night as eastern stuff blows up.
The Nikkei is gearing up for a big drop today (their Monday morning). We'll see how it closes, but it's seemingly the largest 2-day drop in Nikkei history given what happened on Friday.
There's a lot of financial plumbing stuff going on currently. As Japan hikes rates from -0.10% to now 0.25%, they're disrupting the global carry trade, where a lot of global capital is borrowed from Japan and elsewhere in Asia and stuffed into U.S. large cap stonks.
Bitcoin caught up.
Published at
2024-08-05 02:33:02Event JSON
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"pubkey": "eab0e756d32b80bcd464f3d844b8040303075a13eabc3599a762c9ac7ab91f4f",
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