What is the reason for the significant decrease in the last 1 week and 2 days?
First of all, you can think of it as war rhetoric escalating the atmosphere, and it had some effect. But there are two main reasons for the decline. Let's examine these..
1. Main reason;
There is a serious recession expectation on the US side. I included this in my previous post.
This risk factor is now at visible levels in major industries where the money cycle takes place, from communications to finance, from energy to real estate.
2. Main reason;
Japan raises interest rates.
Until last Friday, the Japanese government was giving money to its citizens with 0% interest. The Japanese, who received money from here, were investing in many stock markets, especially the US stock markets, and increasing their assets.
As of Friday, the Japanese government increased the interest rate to 0.25%. Look, this rate is not even 1%. Since the Japanese are a nation that refrains from spending even the budget surplus distributed by the government, 0.25% is a big deal for them.
As such, the Japanese began to slowly withdraw their assets from the stock market. A figure worth approximately $2 trillion is mentioned. This figure is very high for Nasdaq, S&P and crypto. As a result, even #btc lost 20% of its value.
@cryptohighmeli for X
