{"id":35461,"date":"2024-08-05T06:15:45","date_gmt":"2024-08-05T06:15:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-and-crypto-market-sees-800m-liquidated-during-global-sell-off\/"},"modified":"2024-08-05T06:15:45","modified_gmt":"2024-08-05T06:15:45","slug":"bitcoin-and-crypto-market-sees-800m-liquidated-during-global-sell-off","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-and-crypto-market-sees-800m-liquidated-during-global-sell-off\/","title":{"rendered":"Bitcoin and Crypto Market Sees $800M Liquidated During Global Sell-Off"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
\n<\/p>\n

\n

A sharp decline in the Japanese stock market at the beginning of the week led to an asset sell-off globally. Bitcoin and other cryptocurrencies have plummeted as a result of the Bank of Japan\u2019s decision to tighten monetary policy, as well as a worsening US economic outlook and rising tensions in the Middle East.<\/p>\n

As at the time of publishing, Bitcoin had dropped to $54,350 from its recent top of $70,000. According to Coinglass, cryptocurrency dealers have experienced significant liquidations of $800 million on the previous day alone. The cryptocurrency community and investors around the world have been alarmed by this sharp decrease.<\/p>\n

US Stocks Follow Suit<\/h2>\n

The impact isn\u2019t limited to cryptocurrencies. US stock futures have also taken a hit. The Dow Jones Industrial Average futures dropped 383 points, approximately 1%. Similarly, S&P 500 futures and Nasdaq-100 futures declined by 1.17% and 2.12%, respectively.<\/p>\n

The US economic outlook appears grim, influenced by a disappointing jobs report. This has heightened expectations that the Federal Reserve might lower interest rates this year. JPMorgan Chase predicts a 50 basis point drop could occur as soon as September.<\/p>\n

Further insights into the Federal Reserve\u2019s plans might come on Monday, when San Francisco Fed President Mary Daly is set to speak at a business conference in Hawaii. Her comments could provide crucial guidance on the Fed\u2019s next moves amid these turbulent times.<\/p>\n

\n
\n
\n
\n
\n
250% Extra + $125 Free Chip!<\/strong><\/strong> <\/p>\n

New players only. 250% on 1st Deposit + $125 Free Chip<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

The combination of Japan\u2019s market plunge, tightening monetary policies, and a grim US economic forecast has created a perfect storm for global markets. Investors and analysts alike are bracing for further volatility as the week unfolds.<\/p>\n<\/p><\/div>\n

Source link <\/a>
\n
<\/p>\n","protected":false},"excerpt":{"rendered":"

(Originally posted on : Crypto News – iGaming.org ) A sharp decline in the Japanese stock market at the beginning of the week led to an asset sell-off globally. Bitcoin and other cryptocurrencies have plummeted as a result of the Bank of Japan\u2019s decision to tighten monetary policy, as well as a worsening US economic […]<\/p>\n","protected":false},"author":34,"featured_media":35462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35461"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=35461"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/35462"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=35461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=35461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=35461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}