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The Breakdown

Bitcoin's Record Breaking Week: The Five Biggest Stories in Crypto

The Breakdown

Blockworks

Investing, Business

4.8806 Ratings

🗓️ 9 March 2024

⏱️ 25 minutes

🧾️ Download transcript

Summary

NLW and Scott Melker count down the most important stories in crypto this week. Today's Show Brought To You By Ledger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-wallet Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0

Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the Big Picture

0:12.8

Power Shifts remaking our world. What's going on, guys, it is Saturday, March 9th, and that means it's time for the weekly recap.

0:24.0

Normally, I would tell you to go subscribe, rate, and review.

0:27.1

But as it turns out, I ran out the door to a little man's third birthday party without recording this intro.

0:32.1

So, you're getting AI me.

0:34.0

The good news is that Scott and I have tons to talk about in a week where we flirted with

0:38.3

all-time highs, had some interesting court cases and more. Happy Saturday all. It has been

0:45.8

an absolutely massive week. I got a message from NLW last week that said, dude, you took quite

0:52.5

a great time to go on a vacation.

0:56.1

Like last week, we had Bitcoin going from like the high 40s up to almost a new all-time high.

1:02.0

And I was in Japan and it was 1 o'clock in the morning.

1:05.0

We can still talk about it all today.

1:06.6

Our first topic is literally the price action.

1:09.3

Yeah.

1:09.5

I mean, it's all part of the same story, right? Our first topic is literally the price action. Yeah. I mean, it's all part of the same story, right?

1:12.0

Yeah. So maybe it was just, I was delaying a week so that we could actually talk about

1:15.3

the new all-time high. I mean, take you a look at the market right here. Bitcoin, we saw it.

1:19.2

We've talked about it endlessly on Tuesday, up to 69, down to 59, now just chilling at 68, like it never happened on that leverage flush. But Ethereum

1:27.7

really seeming to want to catch up here up 4% in the last 24 hours and yeah, 24 bucks

1:33.9

short of $4,000. I mean, do you think that that's the rotation narrative is still alive and

1:40.2

well? Yeah. I think that Ethereum's an interesting spot in the sense that Bitcoin obviously is sucking

1:47.4

a ton of oxygen out of the room with the ETF, but then Solana and meme coins are also, you

...

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