elitkoin
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New IDO 🔥🔥
There will be a new pre-sale Octavia project that we will participate in via ChainGPT
Via token will be available on Tier 1 pre-sale platforms
Project; We can call it an artificial intelligence crypto assistant designed to make community management, blockchain research and trading easier.
As for the pre-sale details,
IDO Price: will be $0.10
Vesting: We will claim 8 months after 15% TGE
There is a right of refund
It will be on pre-sale on February 15-16.
As for the listing, it will be on February 20.
#elitkoin #btc
There will be a new pre-sale Octavia project that we will participate in via ChainGPT
Via token will be available on Tier 1 pre-sale platforms
Project; We can call it an artificial intelligence crypto assistant designed to make community management, blockchain research and trading easier.
As for the pre-sale details,
IDO Price: will be $0.10
Vesting: We will claim 8 months after 15% TGE
There is a right of refund
It will be on pre-sale on February 15-16.
As for the listing, it will be on February 20.
#elitkoin #btc
WHAT IS $RWA? WHICH RWA PROJECT HAS THE HIGH POTENTIAL?
Real World Assets roughly means real world assets. In the cryptocurrency and blockchain space, the term RWA is often used in a context where digital assets represent physical assets.
RWAs are the representation of tangible and intangible assets in the physical world and traditional financial assets on the blockchain. To give a brief example of these:
🔸Real estate
🔸Automobile
🔸Commodities
🔸Bonds
🔸Artworks
🔸Stablecoins
🔸...
RWA allows real-world assets to be digitally represented and traded through the use of blockchain technology. This is accomplished through a process called tokenization, which allows an asset to be broken into pieces and transferred via digital tokens.
Let's talk about the promising UBXS in the RWA category.
UBXS Token Utiliy Bixon Token accelerates real estate transactions by making it easier to use real-world assets (i.e. the RWA I mentioned). It is a valuable tool for buyers, sellers and real estate agents with its discounts on transaction fees and secure GDV payment solution.
If we look at the purpose and areas of use;
It will be used in the Bixos Estate MarketPlace system and Bixpay payment system, which they will launch in the RWA area.
It aims to act as a fee commission in the share sale of a property and to also act as a fee commission in the Bixpay crypto payment system.
If we look at the supply of UBXS Token;
The total supply of UBXS Token was increased to 100 million and 12 million were burned.
Currently, the total supply is 88 million, the total supply will decrease to 50 million and the burning will continue.
UBXS Token is a deflationary Token and will be in circulation and its total supply will be limited to 50 million.
We can give the following answer to the question from which stock exchanges we can access UBXS:
Listed on Gat...,Bit...,Pro...,Mex... central exchanges
#elitkoin #btc $BTC
Real World Assets roughly means real world assets. In the cryptocurrency and blockchain space, the term RWA is often used in a context where digital assets represent physical assets.
RWAs are the representation of tangible and intangible assets in the physical world and traditional financial assets on the blockchain. To give a brief example of these:
🔸Real estate
🔸Automobile
🔸Commodities
🔸Bonds
🔸Artworks
🔸Stablecoins
🔸...
RWA allows real-world assets to be digitally represented and traded through the use of blockchain technology. This is accomplished through a process called tokenization, which allows an asset to be broken into pieces and transferred via digital tokens.
Let's talk about the promising UBXS in the RWA category.
UBXS Token Utiliy Bixon Token accelerates real estate transactions by making it easier to use real-world assets (i.e. the RWA I mentioned). It is a valuable tool for buyers, sellers and real estate agents with its discounts on transaction fees and secure GDV payment solution.
If we look at the purpose and areas of use;
It will be used in the Bixos Estate MarketPlace system and Bixpay payment system, which they will launch in the RWA area.
It aims to act as a fee commission in the share sale of a property and to also act as a fee commission in the Bixpay crypto payment system.
If we look at the supply of UBXS Token;
The total supply of UBXS Token was increased to 100 million and 12 million were burned.
Currently, the total supply is 88 million, the total supply will decrease to 50 million and the burning will continue.
UBXS Token is a deflationary Token and will be in circulation and its total supply will be limited to 50 million.
We can give the following answer to the question from which stock exchanges we can access UBXS:
Listed on Gat...,Bit...,Pro...,Mex... central exchanges
#elitkoin #btc $BTC
Trending
IS BITCOIN LEGAL OR NOT? SHOCKING ANSWER!!!
What is Bitcoin, the cryptocurrency that has been growing rapidly in recent years and has suddenly become a hot topic in our country due to the price increase, how can it be purchased, is it legal? Alp Işık, who has conducted important research on Bitcoin and its developments since its emergence in 2008, answered the questions that all of Turkey is curious about. It is not possible to block Bitcoin in any way. We can say that they are trying to block Bitcoin in the following way: They can block exchanges that buy and sell Bitcoin. Because these exchanges work with bank accounts. There is a very technical process at first for you to buy Bitcoin. You can produce Bitcoin, this is called Bitcoin mining. The second part is that you can get it from Bitcoin exchanges. The third option is, as we are talking about right now, you can sit side by side and I give you Bitcoin and you give me money. TL, dollar, Euro can be any currency. Bitcoin is actually a technology that is still in its infancy, so we can think of it as still in beta. Its price may have increased excessively, but we should not compare the success of Bitcoin with its price. If we think about how much the usage rate of Bitcoin is increasing, we can look at the legal and illegal part from there. The usage rate of the Bitcoin network is increasing parabolically every day. As such, it also attracts the attention of states. So, what is happening here? Is there a potential or a threat to us? Coming to the situation in our country, CMB has a very long, well-prepared report about Bitcoin on its website. On the BDDK's website, it does not say anything about whether it is legal or illegal, it just shows it as follows. In Bitcoin transfers, since Bitcoin accounts are not connected to any central organization, if you accidentally send Bitcoin to someone, if your Bitcoin account is stolen, or if something bad happens to you because of Bitcoin, you cannot get help from the government. There is only such a brief explanation. Apart from that, in some countries abroad, such as Japan, it will come into effect next summer as a completely legal currency. This was partly what triggered the current price increase. Since Bitcoin is a peer-to-peer money transfer, it cannot be blocked. The main goal is for everyone to use Bitcoin among themselves. It should not be converted into TL or dollar. This may not happen in the next 15-20 years. For now, it will be seen as an investment tool.#elitkoin #btc $BTC
ElitKoin
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BullishDespite all the rumors and the falling knife, we're getting Work. High risk high reward 💪
We threw an amount that we wouldn't be sad if we lost. May it be beneficial for us too.
#elitkoin #btc $BTC
We threw an amount that we wouldn't be sad if we lost. May it be beneficial for us too.
#elitkoin #btc $BTC
Onaylar henüz SEC web sitesinde paylaşılmadı ama,
Cboe BZX, yarın 11 Ocak 2024'te listelenecek 6 yeni Bitcoin ETF detaylarını yayınladı.
Invesco Galaxy Bitcoin ETF BTCO
Franklin Bitcoin ETF EZBC
ARK 21Shares Bitcoin ETF ARKB
VanEck Bitcoin Trust HODL
Fidelity Wise Origin Bitcoin Fund FBTC
WisdomTree Bitcoin Fund BTCW
Hayırlı olsun🥳
#elitkoin #btc $BTC
Cboe BZX, yarın 11 Ocak 2024'te listelenecek 6 yeni Bitcoin ETF detaylarını yayınladı.
Invesco Galaxy Bitcoin ETF BTCO
Franklin Bitcoin ETF EZBC
ARK 21Shares Bitcoin ETF ARKB
VanEck Bitcoin Trust HODL
Fidelity Wise Origin Bitcoin Fund FBTC
WisdomTree Bitcoin Fund BTCW
Hayırlı olsun🥳
#elitkoin #btc $BTC
MEHMET ŞİMŞEK'S CRYPTO CURRENCY STATEMENTS ARE ON THE AGENDA AGAIN!
Mehmet Şimşek's statements about Bitcoin, who took office as the Minister of Treasury and Finance in Turkey's Century, were on the agenda again. These statements led to concerns and discussions among cryptocurrency investors.
In his previous statements, Mehmet Şimşek stated that Bitcoin is a bubble and should be considered a speculative asset. These statements attracted the attention of those investing in the cryptocurrency market and came to the fore again. Mehmet Şimşek's statements about Bitcoin caused concern and controversy among some investors.
Do you think like Mehmet Şimşek? We are waiting your comments.
#elitkoin #btc $BTC
Mehmet Şimşek's statements about Bitcoin, who took office as the Minister of Treasury and Finance in Turkey's Century, were on the agenda again. These statements led to concerns and discussions among cryptocurrency investors.
In his previous statements, Mehmet Şimşek stated that Bitcoin is a bubble and should be considered a speculative asset. These statements attracted the attention of those investing in the cryptocurrency market and came to the fore again. Mehmet Şimşek's statements about Bitcoin caused concern and controversy among some investors.
Do you think like Mehmet Şimşek? We are waiting your comments.
#elitkoin #btc $BTC
SHOCKING CLAIM FOR CRYPTO CURRENCY INVESTORS IN TURKEY!!!!
Work continues to regulate cryptocurrencies. The regulation is aimed to be brought to the Parliament in the first months of 2024. It is stated that a certain amount of income may be taxed.
Türkiye is on the gray list of the Financial Action Task Force. To be removed from this list, cryptocurrency regulation is required.
In his previous statement, Minister of Treasury and Finance Mehmet Şimşek said that all criteria will be met with the cryptocurrency regulation.
The regulation is expected to come to the Parliament in the first few months of the new year.
Speaking to NTV, Marmara University Faculty Member Murat Topuz said, "We can say that we are now faced with a much more comprehensive regulation, especially with an amendment to the CMB law regarding cryptocurrencies." said.
MONEY LAUNDERING WILL BE PREVENTED
The law will first define crypto assets. Crypto assets will be prevented from being used for money laundering purposes.
Imposing a transaction tax on earnings exceeding a certain limit is also on the agenda. "In a bill, it was said that this was 10 percent, but we do not know the final version." Topuz noted that there will be regulations for banks and heavy penalties are foreseen for unauthorized crypto asset users.
WHAT IS THE SITUATION IN THE WORLD?
The European Parliament had approved the decision to levy taxes the previous year.
In Germany, earnings tax is applied for values over 600 euros.
Sweden cuts up to 30 percent under crypto tax.
#elitkoin #btc
Work continues to regulate cryptocurrencies. The regulation is aimed to be brought to the Parliament in the first months of 2024. It is stated that a certain amount of income may be taxed.
Türkiye is on the gray list of the Financial Action Task Force. To be removed from this list, cryptocurrency regulation is required.
In his previous statement, Minister of Treasury and Finance Mehmet Şimşek said that all criteria will be met with the cryptocurrency regulation.
The regulation is expected to come to the Parliament in the first few months of the new year.
Speaking to NTV, Marmara University Faculty Member Murat Topuz said, "We can say that we are now faced with a much more comprehensive regulation, especially with an amendment to the CMB law regarding cryptocurrencies." said.
MONEY LAUNDERING WILL BE PREVENTED
The law will first define crypto assets. Crypto assets will be prevented from being used for money laundering purposes.
Imposing a transaction tax on earnings exceeding a certain limit is also on the agenda. "In a bill, it was said that this was 10 percent, but we do not know the final version." Topuz noted that there will be regulations for banks and heavy penalties are foreseen for unauthorized crypto asset users.
WHAT IS THE SITUATION IN THE WORLD?
The European Parliament had approved the decision to levy taxes the previous year.
In Germany, earnings tax is applied for values over 600 euros.
Sweden cuts up to 30 percent under crypto tax.
#elitkoin #btc
ChainGPT receives highly-coveted $350,000 Cloud grant from Google.
This is news that will make ChainGPT investors and us happy. We both make money from its token and participate in pre-sales on its launchpad. This kind of news is promising news for the future, ChainGPT may make a name for itself more in the future. 👀🔥
#Kripto #elitkoin #haber
This is news that will make ChainGPT investors and us happy. We both make money from its token and participate in pre-sales on its launchpad. This kind of news is promising news for the future, ChainGPT may make a name for itself more in the future. 👀🔥
#Kripto #elitkoin #haber
CRYPTO CURRENCY STATEMENTS FROM MINISTER ŞİMŞEK: WE HAVE REACHED THE FINAL STAGE
“There will be changes in the CMB law”
Şimşek stated that the regulatory work on cryptocurrencies has reached the final stage. Stating that first of all, a definition will be made, the minister stated that there will be changes in the CMB law. Şimşek continued his words with the following statements:
“Crypto assets are defined as 'intangible assets that can express value or rights.' Crypto asset service provider and crypto asset custody service are defined. Regulations are foreseen for the operation of the platforms.”
Tax claims in crypto
Şimşek did not comment on the taxation of cryptocurrencies in his interview with Hürriyet. On the other hand, claims have been made recently that cryptocurrencies will be strictly controlled and transaction taxes will be charged. Sabah newspaper wrote that with the regulation to be introduced, it is planned to collect transaction tax from earnings exceeding a certain limit in the cryptocurrency market.
#elitkoin #btc $BTC
“There will be changes in the CMB law”
Şimşek stated that the regulatory work on cryptocurrencies has reached the final stage. Stating that first of all, a definition will be made, the minister stated that there will be changes in the CMB law. Şimşek continued his words with the following statements:
“Crypto assets are defined as 'intangible assets that can express value or rights.' Crypto asset service provider and crypto asset custody service are defined. Regulations are foreseen for the operation of the platforms.”
Tax claims in crypto
Şimşek did not comment on the taxation of cryptocurrencies in his interview with Hürriyet. On the other hand, claims have been made recently that cryptocurrencies will be strictly controlled and transaction taxes will be charged. Sabah newspaper wrote that with the regulation to be introduced, it is planned to collect transaction tax from earnings exceeding a certain limit in the cryptocurrency market.
#elitkoin #btc $BTC
NEW ATH EVERY WEEK 🔥
AiTech refreshes ATH every week. We bought it from pre-sale and when it was listed, while everyone was refunding it, we bought it again at the bottom. We have a great profit rate right now. Those who don't believe should not get on the bus!
Octavia is listed tomorrow and I also plan to keep it for a long time. May it be good for us. Remember, when everyone gives up hope, we will pick it up 😉
#elitkoin #btc $BTC
AiTech refreshes ATH every week. We bought it from pre-sale and when it was listed, while everyone was refunding it, we bought it again at the bottom. We have a great profit rate right now. Those who don't believe should not get on the bus!
Octavia is listed tomorrow and I also plan to keep it for a long time. May it be good for us. Remember, when everyone gives up hope, we will pick it up 😉
#elitkoin #btc $BTC
If you want to become a Millionaire in 2023-24, you can check out the 3 Altcoins below! 🔥
1- $APT #aptos
Current price: $6.95
Expectation: Above $60.
2- $YACHT #YachtingVerse
Current price: $0.08
Expectation: above $1.20.
3- $ARB #arbitrum
Current price: $1
Expectation: Above $20.
#elitkoin
1- $APT #aptos
Current price: $6.95
Expectation: Above $60.
2- $YACHT #YachtingVerse
Current price: $0.08
Expectation: above $1.20.
3- $ARB #arbitrum
Current price: $1
Expectation: Above $20.
#elitkoin
OUR HABIBI GOLDEN DOORS BECAME BLOOD!
In the last 24 hours...
69,915 people were executed...
Total amount liquidated is $188.02M
While $162.97M of these were realized in Long exposures,
$25.04M of it occurred in Short exposures.
#elitkoin #btc #TopCoinsJune2024 $BTC
In the last 24 hours...
69,915 people were executed...
Total amount liquidated is $188.02M
While $162.97M of these were realized in Long exposures,
$25.04M of it occurred in Short exposures.
#elitkoin #btc #TopCoinsJune2024 $BTC
PEACEFUL MARKETS TO EVERYONE 🎉
DO NOT MISS THIS CONTENT 😉
Could dappOS be the Best Project in the World?
Let's learn the answer together ⬇️✍️💎
If we touch on the important points;
1. Technological Innovation
dappOS offers a great innovation by making decentralized applications more accessible and user-friendly. Such projects in the blockchain ecosystem have the potential to create the infrastructure of the digital economy of the future. If dappOS can revolutionize the industry in terms of scalability, security and user experience, it can be one of the most successful projects.
2. Problem-Solving Capacity
Every successful project needs to solve a big problem. dappOS aims to simplify the user experience and remove the technical barriers to the adoption of blockchain technology. If it can achieve this goal and greatly increase the use of decentralized applications, it can be a truly revolutionary project.
3. Long-Term Sustainability
A project’s recognition as one of the best depends on its ability to deliver sustainable value not just in the short term but also in the long term. If dappOS can keep up with technological advancements and respond to changing user needs over time, it can achieve lasting success.
4. Societal and Global Impact
The world’s best projects are often those with broad societal and global impact. dappOS can impact the global economy by encouraging wider adoption of decentralized finance (DeFi) and other blockchain-based applications. However, the project needs to mature further to see if it has the capacity to make that impact.
As a result, dappOS can make a significant contribution to the wider adoption of decentralized applications around the world and facilitate the wider adoption of blockchain technology.
Time Time Time….
#dappOSTheFutureofIntents #BinanceWeb3Wallet #elitkoin
DO NOT MISS THIS CONTENT 😉
Could dappOS be the Best Project in the World?
Let's learn the answer together ⬇️✍️💎
If we touch on the important points;
1. Technological Innovation
dappOS offers a great innovation by making decentralized applications more accessible and user-friendly. Such projects in the blockchain ecosystem have the potential to create the infrastructure of the digital economy of the future. If dappOS can revolutionize the industry in terms of scalability, security and user experience, it can be one of the most successful projects.
2. Problem-Solving Capacity
Every successful project needs to solve a big problem. dappOS aims to simplify the user experience and remove the technical barriers to the adoption of blockchain technology. If it can achieve this goal and greatly increase the use of decentralized applications, it can be a truly revolutionary project.
3. Long-Term Sustainability
A project’s recognition as one of the best depends on its ability to deliver sustainable value not just in the short term but also in the long term. If dappOS can keep up with technological advancements and respond to changing user needs over time, it can achieve lasting success.
4. Societal and Global Impact
The world’s best projects are often those with broad societal and global impact. dappOS can impact the global economy by encouraging wider adoption of decentralized finance (DeFi) and other blockchain-based applications. However, the project needs to mature further to see if it has the capacity to make that impact.
As a result, dappOS can make a significant contribution to the wider adoption of decentralized applications around the world and facilitate the wider adoption of blockchain technology.
Time Time Time….
#dappOSTheFutureofIntents #BinanceWeb3Wallet #elitkoin
ElitKoin
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BullishWHAT!! JUST KIDDING!! HERE'S WHAT YOU NEED TO DO TO GET A SHARE OF THE $500,000 POOL!!!! 🤩🎁🚀🔥
What you need to do is written right below the information. ⬇️
dappOS is an operating system or software layer that aims to make the use of decentralized applications (dApps) and the Web3 ecosystem easier and more accessible. dappOS offers a solution that automates the processes of interacting with crypto wallets, blockchains and decentralized applications (dApps) and improves the user experience.
dappOS has launched a $500,000 airdrop campaign. This campaign aims to enable users to earn rewards by interacting with the dappOS platform. Participants can earn dappOS Angelic NFTs by generating and using Intent Assets. These NFTs offer airdrop rights and features that increase the probability of winning rewards. The campaign will continue until September 17, 2024
In addition, an airdrop is being organized for Binance Web3 Wallet users. Users can benefit from these rewards by making transactions using their wallets.
You can follow these steps to participate in dappOS's $ 500,000 airdrop:
1. Participation via Galxe:
To participate in the campaign opened on the Galxe platform, you must create a Galxe account. You need to complete certain tasks throughout the campaign. For example, there are tasks such as inviting three users.
You can earn dappOS Angelic NFTs by completing the tasks. These NFTs provide the opportunity to receive a share of the airdrop and increase your rewards
2. Participation using Binance Web3 Wallet:
You need to make transactions using your Binance Web3 wallet. You can have a chance to participate in this airdrop event by making swap transactions through the Binance platform.
-At the end of the campaign, the rewards will be automatically sent to the wallets of eligible users.
#dappOSTheFutureofIntents #BinanceWeb3Wallet @DAPPOS_COM #elitkoin
What you need to do is written right below the information. ⬇️
dappOS is an operating system or software layer that aims to make the use of decentralized applications (dApps) and the Web3 ecosystem easier and more accessible. dappOS offers a solution that automates the processes of interacting with crypto wallets, blockchains and decentralized applications (dApps) and improves the user experience.
dappOS has launched a $500,000 airdrop campaign. This campaign aims to enable users to earn rewards by interacting with the dappOS platform. Participants can earn dappOS Angelic NFTs by generating and using Intent Assets. These NFTs offer airdrop rights and features that increase the probability of winning rewards. The campaign will continue until September 17, 2024
In addition, an airdrop is being organized for Binance Web3 Wallet users. Users can benefit from these rewards by making transactions using their wallets.
You can follow these steps to participate in dappOS's $ 500,000 airdrop:
1. Participation via Galxe:
To participate in the campaign opened on the Galxe platform, you must create a Galxe account. You need to complete certain tasks throughout the campaign. For example, there are tasks such as inviting three users.
You can earn dappOS Angelic NFTs by completing the tasks. These NFTs provide the opportunity to receive a share of the airdrop and increase your rewards
2. Participation using Binance Web3 Wallet:
You need to make transactions using your Binance Web3 wallet. You can have a chance to participate in this airdrop event by making swap transactions through the Binance platform.
-At the end of the campaign, the rewards will be automatically sent to the wallets of eligible users.
#dappOSTheFutureofIntents #BinanceWeb3Wallet @DAPPOS_COM #elitkoin
LAUNCHPAD WILL BE THE STAR OF THE BULL
The campaign we quoted is being signed with the cooperation of ChainGpt and Binance.
ChainGpt, which showed off in the last bull, is coming to this bull with a bang. As you know, we are also participating in the pre-sales from ChainGpt.
Binance listing may also be consolidated with this campaign. Let's wait and see 🤩
#elitkoin #BinanceWeb3Wallet
The campaign we quoted is being signed with the cooperation of ChainGpt and Binance.
ChainGpt, which showed off in the last bull, is coming to this bull with a bang. As you know, we are also participating in the pre-sales from ChainGpt.
Binance listing may also be consolidated with this campaign. Let's wait and see 🤩
#elitkoin #BinanceWeb3Wallet
ElitKoin
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BullishCHAİNGPT IS DISTRIBUTING EXACTLY $500,000 CGPT!! 💰🔥🤩
THIS AWARD MEANS $500,000 IN BULL 💎
Since the participation conditions are very simple, you definitely need to participate. Winning a free prize is delicious these days 😉
What You Need to Do ⬇️
Register on Binance
The prizes you are likely to win when you register are 500,000 CGPT + 600$ welcome coupons
Connect to Web3 MPC wallet
Complete @ChainGPT AI News tasks
Join now for special prizes!
#elitkoin #BinanceWeb3Wallet
THIS AWARD MEANS $500,000 IN BULL 💎
Since the participation conditions are very simple, you definitely need to participate. Winning a free prize is delicious these days 😉
What You Need to Do ⬇️
Register on Binance
The prizes you are likely to win when you register are 500,000 CGPT + 600$ welcome coupons
Connect to Web3 MPC wallet
Complete @ChainGPT AI News tasks
Join now for special prizes!
#elitkoin #BinanceWeb3Wallet
Emergency Meeting Decision from the Fed: Concern Is Increasing
The US Federal Reserve (FED) decided to hold an emergency meeting on interest rates after the major collapse in the Japanese stock market.
The US Federal Reserve (FED) decided to hold an emergency meeting on interest rates after the major collapse in the Japanese stock market. While this development, which caused concern in global markets, increased the perception that the US economy was rapidly deteriorating, the possibility of the Fed taking easing steps before the normal meeting date began to be priced.
Pressures on the US Economy are Increasing
Weak US data released last week fueled growth concerns and led to sharp declines in global stock markets. Analysts evaluate the probability of the US Federal Reserve to cut interest rates by 25 basis points within a week as 60 percent.
The Crash in Japan Spread to Global Markets
Japan's Nikkei 225 index had its worst day in 37 years, driven by US employment data and the yen's appreciation. In Tokyo, the index closed at 31,458.41 points, a 12.4 percent drop, recording the biggest single-day decline after Friday's 5.8 percent drop.
Big Declines in Finance and Export Shares
Finance and export stocks in the Nikkei index suffered major losses in value. While Sumitomo Mitsui Financial Group experienced a 16 percent loss in value, today's collapse of the index was recorded as the largest single-day decline since the "Black Monday" event in October 1987.
-NinjaNews
#elitkoin #btc #MarketDownturn
The US Federal Reserve (FED) decided to hold an emergency meeting on interest rates after the major collapse in the Japanese stock market.
The US Federal Reserve (FED) decided to hold an emergency meeting on interest rates after the major collapse in the Japanese stock market. While this development, which caused concern in global markets, increased the perception that the US economy was rapidly deteriorating, the possibility of the Fed taking easing steps before the normal meeting date began to be priced.
Pressures on the US Economy are Increasing
Weak US data released last week fueled growth concerns and led to sharp declines in global stock markets. Analysts evaluate the probability of the US Federal Reserve to cut interest rates by 25 basis points within a week as 60 percent.
The Crash in Japan Spread to Global Markets
Japan's Nikkei 225 index had its worst day in 37 years, driven by US employment data and the yen's appreciation. In Tokyo, the index closed at 31,458.41 points, a 12.4 percent drop, recording the biggest single-day decline after Friday's 5.8 percent drop.
Big Declines in Finance and Export Shares
Finance and export stocks in the Nikkei index suffered major losses in value. While Sumitomo Mitsui Financial Group experienced a 16 percent loss in value, today's collapse of the index was recorded as the largest single-day decline since the "Black Monday" event in October 1987.
-NinjaNews
#elitkoin #btc #MarketDownturn
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