The epic crash in the cryptocurrency market has once again witnessed history
We will remember Black Monday, August 5, 2024. The cryptocurrency academicians studied the cause of the cryptocurrency crash for a whole day and found that it was not only the cryptocurrency market, but also the global financial market that was experiencing a black swan. What does this mean? It means that global capital is about to usher in the biggest reshuffle since the 2008 financial crisis.
This time, we are all witnesses. On the same day, the cryptocurrency market collapsed, the U.S. stock market collapsed, Japanese stocks and bonds were halted, the daily average index fell by one and a half points in one day, and the Shanghai Composite Index wiped out all the gains of the past year. Seeing this, the cryptocurrency academicians were also shocked and sweating.
The South Korean stock index also fell by more than 10% during the session, creating the largest drop since the financial crisis in 2008. At the same time, the RMB exchange rate continued to rise today, with the offshore RMB against the US dollar rising above 7.09. The market expects the Fed to cut interest rates in September from 25 basis points to 50 basis points. If expectations change, the global situation will change.
Who is the mastermind behind this? Who caused this wave of global black swans? I see that the market news is basically saying that the main reason for this global storm is Japan's interest rate hike? The academicians in the cryptocurrency circle in Shanghai have heard this blame.
Wall Street is a master at this trick. Everyone knows about the non-farm payrolls last Friday. The news data analysis shows that the negatives are greater than the positives, but the positives are indeed positive. The number of non-farm payrolls in the United States in July dropped sharply to 114,000. Obviously lower than the expected 175,000. The unemployment rate reached 4.3%, the highest level in the past three years.
This directly triggered the U.S. economic recession indicator. In layman's terms, when the unemployment rate in the U.S. reaches a certain level, the economic recession begins. So the U.S. stock market plummeted, the Nasdaq fell 2.43%, of which Intel fell more than 26%, and Nvidia fell more than 7%.
The investigation of the academicians in the currency circle found that the market value of the seven giants in the United States has increased by 12 trillion US dollars. Warren Buffett is still far-sighted. He not only sold half of Apple's shares, but also reduced his holdings of Bank of America for 12 consecutive days. At this time, everyone should be able to see that this time the stock god is bearish on not only one industry but also the global financial market.
Some coin friends asked what is the relationship with the Japanese and Korean stock markets? The relationship is very simple. The Japanese yen is the shadow currency of the US dollar. International capital borrows the cheapest funds in Japan to invest globally. In particular, Wall Street and American capital led by Buffett are borrowing Japanese yen to buy Japan, pushing Japanese stocks to a 34-year high and making a lot of money.
Now Japan has announced that it will raise interest rates. You can no longer make money by borrowing yen. What will you do? The answer is simple. Sell yen. Obviously, Wall Street is shorting the yen, shorting the global financial market, including the cryptocurrency market. The Japanese stock market has suffered a bloodbath from Wall Street.
Even if the Korean currency academicians didn't say it, many people wouldn't understand. In fact, it's very simple. The Korean stock market is supported by semiconductor technology companies such as Samsung and Hynix. These companies are backed by American capital, so the trend is tied to the US stock market.
So the driving force behind the scenes is the Federal Reserve controlled by Wall Street capital. There is no need for too many predictions. Soon there will be news to stabilize the market. Cheer everyone up, give everyone a slap and a sweet date. Remember this day, don't forget the pain after the scar heals.
I am an academician of the cryptocurrency circle and a warrior who has always been protecting the leeks. I wish my fans to achieve financial freedom in 2024. Let’s cheer together!
#JumpTrading转移资产 #BTC走势分析 #美国政府转移BTC #美联储何时降息？ #美国大选如何影响加密产业？
