BREAKDOWN: Crypto Markets Put the ‘Pump’ in ‘Pumpkin’
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 26 October 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
Bitcoin was over $20,000 for the first time in three weeks.
This episode is sponsored by Nexo.io, Circle and FTX US.
On today’s episode, NLW looks at the positive price action of the past few days, with an eye to understanding how people are understanding the move. Is it a macro shift and a belief in a coming Federal Reserve pivot? Is it a crypto-specific narrative? Is it the market getting ahead of itself?
-
Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.
-
Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.
-
FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.
-
“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Anzhela Mingaleeva/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:09.3 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:15.0 | The breakdown is sponsored by nexo.io, circle, and FtX, and produced and distributed by CoinDesk. |
| 0:22.8 | What's going on, guys? It is Wednesday, October 26th, and today we have a good, old-fashioned |
| 0:28.2 | price show. One quick note, before we dive in. There are two ways to listen to the breakdown. |
| 0:34.7 | You can hear us on the Coin Desk podcast network feed, which comes out every afternoon and also features other great CoinDesk shows. Or you can listen to the breakdown. You can hear us on the Coin Desk podcast network feed, which comes out every |
| 0:38.0 | afternoon and also features other great Coin Desk shows, or you can listen on the breakdown only feed, |
| 0:42.7 | which comes out a few hours later in the evening. Wherever you listen, if you are enjoying the show, |
| 0:47.7 | I would so appreciate it if you would take a little time to leave a five-star rating or review. |
| 0:52.2 | It makes a huge difference, and I appreciate all of you who |
| 0:54.4 | have done that. Also, a disclosure, as always. In addition to them being a sponsor of the show, |
| 0:59.3 | I also work with FTX. All right, folks, well, the coins, they are running. As I mentioned the other |
| 1:05.9 | day, we're getting ready for a little South American adventure, and so I have been buried. I haven't been much on Twitter, |
| 1:11.6 | and I certainly haven't really been checking the price. So imagine my great surprise when last |
| 1:15.9 | night I looked and everything was up 5 to 10%. Imagine my even greater surprise when that seemed |
| 1:21.0 | to continue on into this morning. Was there some major news that I missed, the fabled Fed Pivot, |
| 1:26.8 | some remarkable crypto catalyst? |
| 1:28.7 | Or did people just get bored of crappy prices? |
| 1:31.4 | Today's show is all about finding out what the answer to that question is. |
| 1:35.5 | So to the details. |
| 1:37.0 | On Tuesday morning, crypto started pumping hard. |
| 1:39.9 | Bitcoin was up more than 5% in 8 hours, going above 20,000 for the first time since the first |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.