CNBC Special: Crypto Night in America 05/27/22

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 27 May 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Billions of dollars of value has been wiped off the cryptocurrency market in the last few weeks driven by a sell-off in stocks and the collapse of algorithmic stablecoin terraUSD and its related token luna. CNBC’s Frank Holland covers every angle of crypto; from companies holding billions on their balance sheets to individuals investing in their retirement account. 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	And tonight on this NBC special hour of crypto nine America markets heading higher
0:12.6	that out breaking an eight week losing streak the S&P ending a seven week slide both
0:16.9	having their best weeks since November of 2020.
0:19.8	The NASDAQ also climbing 1000 points just this week.
0:24.3	Crypto on the other hand falling out of step with the NASDAQ Bitcoin, which had traded in
0:28.0	tandem with tech stocks, falling more than 1% this week.
0:32.2	Tonight we got every angle of cryptocurrencies covered from companies holding billions on
0:36.1	their balance sheets to individuals investing in their retirement counts.
0:39.5	We'll get the latest on stable coins.
0:41.1	We're going to take some of your questions.
0:42.8	Plus our famous crypto night panel.
0:45.0	It is back.
0:46.0	Welcome everyone to the CNBC special crypto night in America.
0:49.3	I'm Frank Holland mad money's Jim Kramer.
0:51.6	He is off tonight.
0:52.6	Let's take a look at some of the big cryptocurrencies and just how much they're off their recent
0:57.2	highs.
0:57.9	The Bitcoin right now almost 60% off of its recent high.
1:01.7	Ether more than 60% off of its recent high ripple about 80% off of its 52 week high.
1:07.7	How do we get here back in early November of 2021.
1:10.4	We're going to show you the chart right here.
1:12.6	Bitcoin hit its all time high right over here above 68,000.
	...

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