Yen carry trade to blame for global stock and crypto market meltdown

The crypto and global markets faced one of the worst meltdowns on August 5th, causing turmoil. The Bank of Japan is to blame for supporting low-interest-rate yen loans for months. However, experts predict that all may be over soon and that cryptocurrencies may recover quickly. source: https://www.cryptopolitan.com/yen-carry-trade-to-blame-for-meltdown/