On August 5, 2024, Japan’s stock market experienced a dramatic collapse, with the Nikkei 225 index plummeting by 12.4%. This event marked the largest single-session drop since the Black Monday crash of October 1987. The sudden and severe decline sent shockwaves through global financial markets and raised numerous questions about the underlying causes. This article delves into the factors that contributed to this significant market downturn.
You might have read recently that Mt. Gox will soon start to pay back its creditors an astounding 142,000 Bitcoins worth $9 billion. Today, the price of Bitcoin is dipping by about 2% as Mt. Gox has started to move some of its Bitcoin holdings to other wallets. What could be the consequences of this on the price of Bitcoin? In this article, we’ll explore what this all means, but before doing so, we will explain the history of Mt. Gox and its implosion.
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