What Drove Bitcoin’s Dip Under $60K

What Drove Bitcoin’s Dip Under $60K

This episode is sponsored by NYDIG.

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Bitcoin has been on a journey over the past 24 hours, from almost $65,000 all the best way all the way down to $58,000 and all over the place in between. On immediately’s episode, NLW explores what’s driving it, together with:

  • Leveraged merchants left over from final week’s all-time excessive
  • Twitter CFO saying no investments in crypto
  • President Biden signing the U.S. infrastructure invoice with crypto dealer redefinition
  • Inflation questions
  • Federal Reserve management questions

Finally, he factors to Marathon’s providing of a half billion {dollars} in debt to purchase extra BTC and rigs as a counter-indicator.

See additionally: Bitcoin, Ether Lose Ground as Twitter CFO Rules Out Crypto Investment, Dollar Index Hits 16-Month High

“The Breakdown” is written, produced by and options Nathaniel Whittemore aka NLW, with enhancing by Rob Mitchell, analysis by Scott Hill and extra manufacturing assist by Eleanor Pahl. Adam B. Levine is our government producer and our theme music is “Countdown” by Neon Beach. The music you heard immediately behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit score: Malte Mueller/Getty Images, modified by CoinDesk.

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