Those who wondering what cause this big crash in market it's Yen Carry Trade

Basically people were borrowing Yen (at low interest rates) to invest in high return assets

Japan had low interest rates policy for long so people borrowing alot to invest in other market like us equities, suddenly bank of Japan increased interest rate to 0.25%

That lead to Yen pump, so investors borrowed yen at low interest started unwind risk assets position to avoid losses that lead to market wide crash

#Market_Update #BTCMarketPanic #RecessionOrDip? #MarketDownturn #Babylon_Mainnet_Launch