3.6 • 626 Ratings
🗓️ 10 May 2022
⏱️ 18 minutes
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0:00.0 | In today's show, Bitcoin price hits $43,000 in U.S.T as Terra empties $2.2 billion Bitcoin bag. |
0:07.6 | Not only that, but over a billion dollars in crypto has been liquidated in the past 24 hours, |
0:13.0 | as Bitcoin nosedives to 10-month lows. And as shared here by blockchain backer, |
0:17.9 | Terra's UST stable coin has lost its peg to USD currently at 70 cents per dollar. |
0:23.7 | And as shared here by Mikal Vendipop, to me, 34,500 is an important one to watch for Bitcoin. |
0:29.4 | If that breaks, we should be getting more conviction that we're in a V-shaped recovery. |
0:33.6 | If that rejects, then a longer accumulation is required for a bottom. |
0:37.4 | And as Plan C shares here, technically we have not broken below the Bitcoin low of last summer, |
0:42.2 | 28,800, still a higher low. |
0:44.6 | I know the bold narrative is hanging on by a thread, but there is still a case for now. |
0:49.0 | And this just in breaking news, president of El Salvador, Najibu Kelle, reveals the layout |
0:53.6 | for Bitcoin City. Not only that, |
0:55.6 | but El Salvador just bought the dip. 500 coins at an average USD price of $30,744. And Tron |
1:03.7 | founder Justin Sun echoed the same sentiment, saying he bought 500 Bitcoin with an average price |
1:08.7 | of $31,000 for $15.5 million. Also in today's show, |
1:13.6 | these are the next countries that could adopt Bitcoin as legal tender, according to veteran |
1:17.8 | Bitcoins, Samson Mao, quoting him here from a recent interview with Kitko News. Well, it looks like |
1:23.4 | Panama's coming. They're just waiting for a signature from the president to sign off on a law. |
1:27.8 | That was pretty unexpected. Even the Central African Republic was unexpected. It just came out of |
1:33.2 | nowhere. Also in today's show, top trader predicts imminent bounce across the crypto markets and says |
1:38.3 | macro data could offer relief for the bulls. Quitting Cantor and Clark here, is it possible for |
1:43.4 | Bitcoin to go sub-20,000 |
... |
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