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🚨12 HOUR NEWS RECAP
1. Black Monday has caused global markets to crash following Japan’s stock market closing. The Nikkei was down 13.5%, its worst performance ever, and European shares neared 6-month lows.
2. Traders are betting on emergency rate cuts from the Fed to try and stave off a bigger financial crash. Investors expect the UK and European central banks to announce significant rate cuts at their next meetings.
3. Bangladesh’s Prime Minister resigned and fled the country to India after mounting protests against her government’s harsh crackdowns that have led to the deaths of over 300 protesters.
4. Trump said I told you so about Black Monday: “STOCK MARKETS CRASHING. I TOLD YOU SO!!! KAMALA DOESN’T HAVE A CLUE. BIDEN IS SOUND ASLEEP. ALL CAUSED BY INEPT U.S. LEADERSHIP!”
5. Goldman Sachs said it’s not a crash; it’s a healthy correction that was long overdue.
6. Days ago, Jim Cramer said, “Nasdaq futures dropping as if it’s the end of the world; memo to all: it isn’t.” Once again, inverse Cramer is 100% correct.
7. Market volatility hit a 4-year high, its highest level since June 2020. European traders are awaiting the opening of U.S markets, which may cause the crash to deepen.
8. Over a billion dollars in the crypto market was liquidated in the past 24 hours. $900 million were long positions, and $100 million were shorts.
9. In my Space, Kim Dotcom warned that Iran’s retaliatory attack on Israel will be more serious than the previous one in April.
10. President of El Salvador, Bukele, said that Maduro’s regime has destroyed Venezuela.
Institutional investors in crypto are big on $BTC and $ETH and skeptical of altcoins, research from @Bybit_Official shows. @thesamreynolds reports.
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