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🚨Why is everything Dumpi
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06/23 12:22
🚨Why is everything Dumping?
Over $3 Trillion wiped out in 24 hours.
Bitcoin: -3.52%
GOLD: -2.24%
Silver: -4.78%
🇰🇷KOSPI: -10.68%
🇯🇵NIKKEI: -4.85%
🇭🇰 Hang Seng: -3%
🇺🇸 US futures: -1%
Some of the key reasons are:
1) Heavy selling in AI, tech, and semiconductor stocks as investors take profits after a strong rally.
2) The Bank of Japan's recent rate hike is tightening global liquidity and putting pressure on markets.
3) Stronger-than-expected US jobs data has brought fears that the Fed could keep interest rates higher for longer.
4) The Fed's hawkish stance has reduced expectations for rate cuts, with officials signaling that rates may stay higher for longer.
5) Investors are potentially reducing risk exposure and moving into cash and defensive assets.
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