BREAKDOWN: Is the Bull Market Back?

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CoinDesk

Tech News, Business News, Daily News, News

4.7 • 698 Ratings

🗓️ 7 February 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bitcoin back over $40,000. ETH above $3,000. Will it last? This episode is sponsored by Nexo, Arculus, FTX US and MELD.com. At the end of last week, bitcoin reversed a couple months of downward momentum and reclaimed $40,000. Now, as momentum builds, the community is wondering whether this is a temporary reprieve or a fundamental turn back to the bullish. NLW shares a variety of opinions from across the crypto world. - Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io. - Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com. - 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. - MELD is building the first-ever decentralized, non-custodial crypto to fiat lending and borrowing solution that will allow its users to lend and borrow both crypto and fiat currencies seamlessly. Users can stake MELD directly on the MELDapp, which will allow for governance voting for new protocol improvements, insuring the protocol, and earning up to 15% APY in MELD rewards. Start using MELD today at app.meld.com. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: strelss/iStock/Getty Images Plus, 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

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0:45.6	That's audible.com slash Wondery UK.
0:49.4	I think that because this is an election year in the US,S., things like the CPI report and the jobs report
0:55.5	can't be viewed in political isolation. These are political events that have significance
1:01.1	beyond just their immediate market impact. What's more, there are, of course, many other geopolitical
1:06.2	events, such as the troop buildup on the border of Ukraine and Russia, that could have
1:10.2	dramatic impacts on global politics and global markets.
1:14.7	Welcome back to The Breakdown with me, NLW.
1:18.8	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
1:24.7	The breakdown is sponsored by nexo.io, Ar, and FtX, and produced and distributed by
1:29.9	CoinDesk. What's going on, guys? It is Monday, February 7th, and today we are discussing whether
1:37.7	the bull market is back. First, however, if you are enjoying the breakdown, please go subscribe
1:44.0	to it, give it a rating, give it a review,
1:46.1	or if you want to dig deeper into the conversation, join the Breakers Discord.
	...

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