Why Bitcoin Rallied 11% on Wednesday

Was it related to ordinals, global liquidity conditions or something else entirely?

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ABOUT

In this episode of “The Breakdown,” NLW examines the various explanations for Wednesday's 11% increase in BTC’s price, including:

Market structure
Global liquidity conditions
Stablecoin concerns
Ordinals
Debt ceiling debates
The Asian bid

“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Prasong Maulae/Getty Images, modified by CoinDesk.

Join the discussion at discord.gg/VrKRrfKCz8.

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HOSTS

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.