After witnessing one of the biggest crashes in crypto of all time, with BTC losing more than $250 billion in market cap in a single day, the world’s largest crypto found support at just below $50k and rebounded more than 14% to trade around the $56k mark.
The crash was primarily triggered by two factors—-the escalation in the Middle East conflict between Israel and Iran and the Japanese stock market’s greatest single-day crash since 1987. However, the Nikkie index jumped more than 10% today after losing 12% yesterday to recover most of its losses, which might trigger a rally in global stock markets again. Since this crash can be attributed to the rate hike by the Bank of Japan, it remains to be seen if this pump sustains.
