There was a kind of 'Black Monday' in the US Stock Exchange. The Dow Jones Index fell 4.60 percent. A daily loss was the strongest drop in Wall Street history with 1,175 points. Panic sales jumped into the world, the Japanese Nike index dropped by 5.5 percent ...
I do not particularly like to give disastrous news, but the crisis is in the doorway ...! The American Stock Exchange has not experienced such a decline for a long time.
Is this situation the signals of the crisis or is this crisis going to be skipped in a short time?
We are all waiting with curiosity ....
See, so it means that the crisis is not only inside crypto but also in stock market. So, possibly there will be a comeback for crypto aswell.
Well its a sign that investors are pulling their money whether it is on crypto or stocks. But it doesn't mean that we are in a crisis per se. As for crypto, we all know that this bearish market can't last that long. Sooner or later they will have to go back to sleep and hibernate and we are going to heard the bulls stomping from behind.
For stocks, one reason is insider trading. But I don't want to speculate because I haven't been in stock trading for quite some time now. But usually they tend to recover very quickly as well and crisis averted.
Happy though to see bitcoin above $7200, this might trigger good things in the future. Let's see how it pans out in the next couple of hours but I'm not saying that we are still out of the woods yet. But as least on the road to recovery.