π΄ #Urgent According to international media reports, there is information that the United States is considering allowing Venezuelan President NicolΓ‘s Maduro to move to Qatar as part of diplomatic negotiations and exile scenarios.
ATTENTION π¨
JAPAN CAUSED THE #BITCOIN FLASH CRASH π±
Yesterday, $BTC plummeted by more than $4,000 in just one hour, and the crypto market lost around $150 billion in capitalization.
In addition, more than $600 million in leveraged positions were liquidated.
π₯ What triggered the crash?
π―π΅ The Bank of Japan (BOJ) abruptly shifted from a βcalmβ message to a 76% probability of raising interest rates on December 19.
As a result, the yield on 2-year Japanese bonds rose to 1.84%, its highest level since 2008.
β οΈ Why does this affect #Bitcoin and the crypto market?
πΉ Japan maintained interest rates at 0% for decades
πΉ This allowed for massive yen-denominated loans, exceeding $20 trillion
πΉ Investors used these cheap yen to invest in higher-yielding assets β Yen Carry Trade
π If Japan raises interest rates, the carry trade breaks down.
Investors reduce risk, sell assets, buy back yen, and this puts pressure on global markets, including crypto.
