So this is the Japan dump that we were talking about.
Previously, Big investors were taking loan at low interest rates and enjoying these huge loans as an investment in the companies like Adobe, Nvidia and others.
Recently, Japan's central bank increased the interest rates from 0.03% to .25% and in results big investors now have to pay 17% to 22% extra on their investments which is not equal to their borrowed assets or investments. They rushed for repayment and selling for their investment to close the loan contracts, in results JPY/USD value got disturbed due to high demand.
Now stocks and BTC are still shaking and are still in recovering phase. Moreover, this shi* occurs with the arrest of Pavel Durov.
But, still to our surprise, BTC managed to stay above 50K which is good news and showing the strength so far👍🏻