May 12, 2025

Yen carry trade to blame for global stock and crypto market meltdown

1 min read

The crypto and global markets faced one of the worst meltdowns on August 5th, causing turmoil. The Bank of Japan is to blame for supporting low-interest-rate yen loans for months. However, experts predict that all may be over soon and that cryptocurrencies may recover quickly.

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Source: Cryptopolitan

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