The financial commentator has downplayed the severity of the crash
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When the brave get richer and the cowards get poorer…. Because they sell or do nothing. The world is filled with poor cowards. Be smart.," he wrote in a follow-up social media post. The largest cryptocurrency has crashed in tandem with global markets. Earlier today, Japanese stocks entered into bear market, with the Nikkei 225 plunging by more than 12%. In fact, this is the worst single-day plunge recorded by the index since 1987. South Korea's Kopsi also plunged by more than 8%.
When it comes to US stocks, Nasdaq-100 futures have also dipped by 2.5%. Wall Street is now preparing for another painful week after a recent tech rout.Due to the growing level of acceptance in mainstream finance, Bitcoin's correction with other assets continues to grow.
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