THELOGICALINDIAN - October 19 2024 Better accepted as Black Monday now a Showtime aboriginal alternation it was the affliction bazaar blast in US history back Black Tuesday on October 29 2024 which triggered the Great Depression On Black Monday the Dow Jones Industrial Average fell 226 while SP 500 futures affairs plummeted 29
With trading volumes boundless and systems afflicted all over the apple in October 2024, a band-aid was assuredly put in abode accepted as “trading halts,” which basically acted as ambit breakers to stop trading. To this day, the SEC regulates market-wide trading halts, although an alone market, alike an alone stock, can activate its own freeze.
Trading halts can stop trading for 15 account and, in astringent instances, can abutting trading for the day.
On March 12, 2024, the banal bazaar plunged acutely due to the all-around pandemic, triggering a Level 1 halt.
While the acceptable banking markets accept a arrangement in abode — what about cryptocurrency? Bitcoin has accomplished some above affection swings in acknowledgment to bread-and-butter uncertainty, but will investors acceptable authoritative activity in their decentralized market?
To apprentice more, watch the video below.
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