Monday, October 15, 2018

Tokio Stock exchange hit by system malfunction: crypto spike 10%:

Tokio Stock exchange hit by system malfunction: crypto spike 10%:

At the same time (or within 10 minutes) bitcoin and the main cryptocurrencies (especially the top 10) registered a spike of about 5 to 10%:
https://www.cryptocompare.com/coins/btc/overview
So, the statement:
"the system for accepting buy and sell orders of stocks, exchange-traded funds, real estate investment trusts and convertible bonds"
is omitting a large stake of cryprocurrency investments.
Unless is just a coincidence, this is an important event showing how close, or electronically synchronized are relationships of traditional investments, and how much are for each cryptocurrency.

Ref:

https://www.ft.com/content/481bc14a-cb62-11e8-b276-b9069bde0956

https://www.japantimes.co.jp/news/2018/10/09/business/tokyo-stock-exchange-suffers-trading-system-glitch/#.W8RF-2hKiUk

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