Nikkei Index Plunges 11% from June Highs Amid Global Market Shakeup

Japan's Nikkei 225 index plummeted over 4% in a single session, hitting an intraday drop of 6.18%. This put the index over 11% down from its June highs, officially pushing it into Correction Territory.

The global financial markets are experiencing a massive shakeup due to various factors. The tech and semiconductor sectors are experiencing a heavy selloff, while geopolitical tensions in the Middle East are forcing investors to flee high-risk assets. Additionally, evolving signals regarding central bank interest rates are keeping the global markets on edge.

The crypto market is feeling the ripples of the TradFi bleed, with macro panic triggering short-term FUD across digital assets and increasing correlation between stocks and crypto. Volatility is expected to spike in Bitcoin (BTC) and major altcoins as liquidity shifts.