$1,000,000,000 Cryptocurrency Market Catastrophe: What Happened?

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The problems facing the cryptocurrency market are not unique. The leading stock market index, the NASDAQ, is down nearly 6.5%, indicating wider instability on the financial markets. The situation is even worse in Japan. The Nikkei 225 index has dropped more than 10%, putting Japanese stocks on course for their largest fall in more than eight years.

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