2024-08-06
The Nikkei 225, often referred to simply as the Nikkei, is a stock market index for the Tokyo Stock Exchange (TSE).
The Nikkei 225 is made up of 225 of the largest and most liquid publicly traded companies in Japan. These companies span a wide range of industries, providing a broad representation of the Japanese economy.
On August 6, Nikkei 225 saw a
significant rebound, climbing 8.72% after Nikkei went down 12% on August 5.
Nikkei began to drop from 38,126.30 on August 1 to 31,458.42 on August 5. Nikkei dropped sharply is a factor that make U.S. stock market and cryptocurrency market had been dropping between August 1 and August 5.
Nikkei rebound to 34,459.52 on August 6
help slow down cryptocurrency market dip. Bitcoin 24 hours price increased
2.48% and Ethereum 24 hours price increased 9.87%.
The trend of cryptocurrency market right now is on the sideway with Bitcoin trading between $51k and $66k. If Bitcoin drops below $51k, altcoins can become downtrend.
