Crypto Research-
There is fear in global markets right now. Bitcoin has come from seventy thousand to fifty two thousand in one week. The Nasdaq is down 1100 points. The rest of the markets are also trending downwards. In Japan yesterday, the trading of one index was stopped for ten minutes. In one month, the two indices have decreased by twenty percent.
The unemployment rate in the United States rose from 4.1 to 4.3 in June. US domestic debt is at historic highs, so the US can no longer afford to feed the unemployed for much longer. The result is that once again talk of recession is spreading.
Elections are also on the horizon in the US and the current president has already dropped out of the race. In such a situation, people do not expect him to make any policy. This makes the matter more complicated.
The fear of conflict between Iran and Israel is also in the markets, especially today and tomorrow are very important days. Will a major war break out in the Middle East? This fear is also creating selling pressure. At most, another symbolic attack by Iran seems likely, nothing more. But the common trader does not understand this, so he is selling.
