why it rattled the crypto market
- Written by Larisa Yarovaya, Director of the Centre for Digital Finance, Associate Professor in Finance, University of Southampton
Japan’s stock market plunged 12% on Monday, August 5 – its worst day in 37 years. The severity of the fall triggered losses in stock markets around the world. In the US, for example, the Nasdaq index dropped more than 6%, while the S&P 500 dipped by 4.25%.
Markets have since rebounded slightly. The Nasdaq climbed 1.5% on Tuesday,...