Bitcoin Hanging on to $30,000, CommerceIQ CEO on Amazon Prime Day 2 & the Summer of Love with Tinder CEO Jim Lanzone

TechCheck

CNBC

Management, Cnbc, Tech, Faang, Investing, Business, Disruptors, Technology

4.5 • 66 Ratings

🗓️ 22 June 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

To start off the morning our anchors talk all things crypto with Bitcoin holding on to $30,000 after a stricter crackdown of cryptocurrency in China. Kindred Ventures Co-Founder Kanyi Maqubela joins the conversation to share his thoughts on the Bitcoin burn. Then, Fundstrat Global Advisors’ Tom Lee is here to further break down the volatility in crypto after previously predicting that Bitcoin would rise above $100,000 by the year’s end. Later, CommerceIQ CEO Guru Hariharan joins our anchors to discuss Amazon and e-commerce on Prime Day 2. Then, CNBC’s Dom Chu covers the recent performance of key tech stocks. Next, we break down the New York Times’ recent piece calling Alphabet CEO Sundar Pichai’s leadership into question. Plus, Tinder CEO Jim Lanzone joins us to speak about Tinder’s new video and social features heading into the summer. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Deerreboza, and you're listening to CNBC's Tech Check.
0:03.5	Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:43.0	Good Tuesday morning. Welcome to Tech Check. I'm Carl Kintanio with John Fort and Dear Drubosa. Today, Bitcoin falls below 30,000. Abandon ship here or hold on for dear life. Then no more Mr. Nice Guy. We debate Sundar Pichai's 10 years so far at Google. And later on hot takes and news from Tinder, the CEO is going to join us this hour, John.
0:50.4	And checking in on some movers of the morning, GameStop and Splunk, raising some new cash and Peloton launching a new corporate program.
0:53.3	More on all of those movers and others throughout the hour.
1:00.1	We start with Bitcoin, though, and ask, is the bubble bursting, the world's most popular cryptocurrency falling below 30,000 for the first time since New Year's Day.
1:04.6	Analysts have been eyeing 30,000 as a key support level for Bitcoin, but Galaxy Digital
1:10.1	CEO, Mike Novagrats, said on Squawk Box earlier this
1:13.3	morning that that level could actually be lower.
1:18.0	It's always hard to call the bottom.
1:19.8	30,000.
1:20.5	We'll see if it holds on the day.
1:22.1	We might plunge below it for a while and close above it.
1:25.1	If it's really reached, 25,000 is the next big level of support.
1:31.4	Today's downturn is a more than 50% drop from the cryptocurrency's all-time high just two
1:37.9	months ago when Coinbase listed on the NASDAQ, call that the peak.
1:42.6	Since then, many of the big movements have been spurred
1:45.6	by tweets from personalities like Elon Musk and headlines from China cracking down on Bitcoin
1:51.2	mining and urging payment companies not to offer crypto services. Bitcoin, though, isn't the only
1:56.6	cryptocurrency falling. Ether is falling fast as well. Dogecoin down 60% since June 3rd when Coinbase also began allowing users to trade the
2:06.6	meme coin.
2:07.6	And Carl, some of the smaller coins have held up a little better than Bitcoin over the last
	...

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