{"id":"tp-12642","type":"article-newspaper","title":"Crypto was once touted as a ‘safe haven’ asset – why did it crash too this week?","author":"Sheena Jordan","publisher":"TOKENPOST Inc.","url":"https://www.tokenpost.com/news/business/12642","datePublished":"2024-08-09T03:16:41.000Z","dateModified":"2024-08-09T03:16:41.000Z","language":"en","abstract":"We’ve just seen how quickly market turbulence can spread across the world of finance.","section":"Business","references":[{"title":"fell","url":"https://edition.cnn.com/business/live-news/global-stock-markets-plunge/index.html"},{"title":"fell","url":"https://www.cnbc.com/2024/08/04/crypto-plunge-wipes-out-270-billion-in-value-as-bitcoin-ether-plunge.html"},{"title":"crypto","url":"https://www.cnbc.com/2024/08/06/crypto-market-today.html"},{"title":"rebounded somewhat","url":"https://www.reuters.com/markets/us/futures-recover-positive-fed-rate-remarks-2024-08-06/"},{"title":"unclear","url":"https://www.bbc.com/news/articles/c1d77xe2p26o"},{"title":"missed earnings forecasts","url":"https://www.cnbc.com/2024/08/02/tech-stocks-wrap-up-steepest-three-week-slump-in-two-years-led-by-plunge-in-amazon-and-intel.html"},{"title":"unexpected interest rate hike","url":"https://www.reuters.com/markets/rates-bonds/bank-japan-outline-bond-taper-plan-debate-rate-hike-timing-2024-07-30/"},{"title":"carry trade","url":"https://www.afr.com/markets/currencies/what-is-the-yen-carry-trade-and-why-is-now-melting-markets-20240806-p5jzwo"},{"title":"DC Studio/Shutterstock","url":"https://www.shutterstock.com/image-photo/chief-financial-officer-sharing-firm-progress-2482832177"},{"title":"relatively low correlations","url":"https://www.wisdomtree.com/investments/-/media/us-media-files/documents/resource-library/market-insights/gannatti-commentary/bitcoin-correlations.pdf"},{"title":"research","url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4910537"},{"title":"Bitcoin “exchange-traded funds","url":"https://theconversation.com/its-now-possible-to-invest-in-bitcoin-on-australias-largest-stock-exchange-is-the-currency-going-mainstream-232718"},{"title":"more","url":"https://www.barrons.com/articles/bonds-market-outlook-vanguard-decade-71dda28a"},{"title":"TokenPost","url":"https://www.tokenpost.com"}]}