Are recession fears behind the recent price dip? 👀

Crypto markets experienced one of their worst days in years on August 5, but why? We breakdown the top 3 reasons behind this sudden market drop and what it could mean for the future inside… Crypto markets experienced one of their worst days in years on August 5, but why? We breakdown the top 3 reasons behind this sudden market drop and what it could mean for the future inside… [BitcoinIRA]( What caused the market meltdown? Hi , Crypto markets experienced one of their worst days in years on Monday. You may have noticed that BTC’s price fell as much as 24% in the last seven days. What had investors spooked? Here's a breakdown of the top 3 reasons behind this sudden market drop and what it means for the future: - [17-year-old policy ends in Japan:]( On July 31st, the “Bank of Japan raised rates on short-term government bonds" for the first time in nearly two decades. This caused the USD/JPY exchange rate to drop, making yen-denominated loans more expensive and likely setting off a chain reaction across markets. The Japanese stock market saw “its worst one-day drop since 1987,” with a 12% dip on August 5. However, [on August 7]( the Bank of Japan's Deputy Gov. Shinichi Uchida promised that "the bank will not raise its policy interest rate when financial and capital markets are unstable." - [Stock market pressure:]( July’s dismal job report triggered "a closely watched recession indicator," leading to stock market tumbles last week. On Monday, the Nasdaq lost an additional 3.4%, the S&P 500 fell 3%, and the Dow dropped by 1,034 points. Even the Magnificent Seven stocks lost $652 billion in market capitalization on Monday alone. This pressure on stocks added to the overall market uncertainty, exacerbating the crypto selloff. - [Geopolitical uncertainty:]( While interest rates held steady at the U.S. Federal Open Market Committee (FOMC) meeting on July 31st, "escalating tensions between Iran and Israel further pressured the market." Market volatility serves as a reminder of the importance of a sound investment strategy. As the market adjusts, there could be opportunities for strategic investments. [According to Coin Telegraph]( a "late-summer rebound" is possible as “it looks like the Fed will be cutting much more aggressively than was thought a few months ago.” One thing is for certain: staying informed and finetuning your plan is key to capitalizing on these everchanging times. Sincerely, The BitcoinIRA Team [FINISH ACCOUNT]( [Bitgo]( SECURITY IS OUR #1 PRIORITY Protect your retirement investment with the most secure method of storing digital assets: multi-signature wallet technology*, available through our exclusive partner BitGo. [Read more]( [footer facebook]( [footer twitter]( [footer youtube]( [footer linkedin]( [footer instagram]( [About Us]( · [News]( · [Contact]( [BMA 2022 Best Mobile App ][2022 Globee Mobile Web & App of the Year] Download our award-winning mobile app: [Download for iOS on the App Store]( [Download for Android on Google Play]( BitcoinIRA, 7336 W. Post Rd, #111 | Las Vegas, NV *Storage may vary based on asset chosen and custody solution available. Alternative IRA Services, LLC dba Bitcoin IRA is a platform that connects consumers to qualified custodians, digital wallets and cryptocurrency exchanges. The company is not a custodian, is not a digital wallet and is not an exchange. Self-directed purchases processed through Bitcoin IRA have not been endorsed by the IRS or any government or regulatory agency. Bitcoin IRA is not an adviser. Information contained on this website is for educational purposes only. We encourage you to consult an adviser or professional to determine whether Bitcoin IRA makes sense for you. Due to market variations, price quotations and predictions are subject to change. No pricing guarantees are expressed or implied. All information contained here including quoted prices are for informational purposes only and do not constitute an offer. Cryptocurrencies are very speculative and involve a high degree of risk. By using the website, you understand the information being presented is provided for informational purposes only and agree to comply with our Terms of Use and Privacy Policy. [Unsubscribe](