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Crypto Market Dips Below $1T as S&P 500 Enters Bear Market
Fellowship Financial Group founder & President Michael Eastham weighs in on the recent downturn in the crypto market as the S&P 500 enters a bear market for the first time since March 2020.
Bond Traders Raise Bets for Fed Rate Hike, Adding BTC Pressure
The CME FedWatch Tool shows traders see a 94% chance of a 75 basis-point hike to be announced Wednesday. “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”
Gensler Warns About Crypto Lenders’ High-Yield Products as BTC Plunges
U.S. Securities and Exchange Commission Chair Gary Gensler reiterated his warning to investors about cryptocurrency protocols offering high-yield returns as crypto lending application Celsius Network froze withdrawals and bitcoin’s price plummeted. “The Hash” group discusses regulatory enforcement in the digital asset space and draws comparisons to BlockFi’s services.
El Salvador Loses Half of BTC Investment as Market Plummets, Official Defends Country’s Bitcoin Strategy
El Salvador’s Finance Minister Alejandro Zelaya stated that bitcoin’s recent price plummet will only have an “extremely minimal” impact on the country’s economy. “The Hash” group discusses El Salvador’s financial relationships with institutions like the International Monetary Fund (IMF) and criticism the Latin American country may face for its pro-bitcoin policy.
Coinbase Lays Off Roughly 1,100 Employees as Crypto Market Tumbles
Publicly traded crypto exchange Coinbase is letting go of roughly 1,100 employees to cut costs, according to a recent company filing Tuesday. This comes after BlockFi and Crypto.com also announced layoffs. "The Hash” group discusses the consequences, the dilemma that many of the big names in crypto are facing after over-expanding during the bull run.
NYC Mayor Wants Governor to Veto Bitcoin Mining Bill: Report
Nikhilesh De, CoinDesk managing editor for global policy & regulation, discusses the highlights from Consensus 2022, along with the top regulation headlines to watch this week.
Crypto Market Cap Dips Below $1T as Celsius Pauses Withdrawals
Sean Farrell, Fundstrat Global Advisors head of digital asset strategy, joins "First Mover" to discuss his outlook on the crypto market as bitcoin falls below $23,000 and Celsius freezes withdrawals due to "extreme market conditions."
What's Happening at Celsius Is 'So Opaque': Swan Bitcoin CEO
Crypto lending service Celsius announced it would pause withdrawals, due to "extreme market conditions." Swan Bitcoin CEO Cory Klippsten joins "First Mover" to discuss his concerns over Celsius' business model.
Crypto Market Slumps; USDD Depegging Fears
Tron founder Justin Sun steps in as USDD stablecoin loses its dollar parity. Microstrategy shares plunge as bitcoin freefalls. Binance resumes withdrawals on Bitcoin network after a temporary pause. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Bitcoin Plunges as Celsius Pausing Withdrawals Weighs on Sentiment
Gritt Trakulhoon, Titan investment analyst, discusses the likely catalysts behind bitcoin's plunge below $23,000. Plus, he weighs in on the state of retail investors as Celsius pauses withdrawals for its users.