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\u2019s largest crypto found support at just below $50k and rebounded more than 14% to trade around the $56k mark.<\/p>\n\n\n\n
The crash was primarily triggered by two factors\u2014-the escalation in the Middle East conflict between Israel and Iran and the Japanese stock market\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"
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\u2019s 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\u2014-the […]<\/p>\n","protected":false},"author":93,"featured_media":41441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[6467,6602,6536],"class_list":["post-41439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-crypto","tag-market-update","tag-news"],"acf":{"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment\/financial advice from CoinSwitch. Any action taken upon the information shall be at the user\u2019s risk.","key_takeways":false},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/41439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=41439"}],"version-history":[{"count":3,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/41439\/revisions"}],"predecessor-version":[{"id":41447,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/41439\/revisions\/41447"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/41441"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=41439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=41439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=41439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}