COINDESK DAILY: Bitcoin Tumbles to $68K; El Salvador's Bitcoin 'Piggy Bank'

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CoinDesk

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4.7 • 698 Ratings

🗓️ 15 March 2024

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Jennifer Sanasie breaks down the latest news in the crypto industry from the decline in the bitcoin to El Salvador's BTC "piggy bank." To get the show every day, follow the podcast here. "CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as the price of bitcoin (BTC) fell to as low as $67,000 during Friday's Asian trading hours, before recovering to the $68,000 level. Plus, El Salvador's President Nayib Bukele announced on X that the nation has moved more than 5,000 BTC into a cold wallet. And, how Bitcoin Virtual Machine is gaining traction. - Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Register now at consensus.coindesk.com. - This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen. 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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0:51.4	Bitcoin tumbles to $67,000 as Asia trading begins. Over $100 million in Bitcoin long positions
1:00.0	have been wiped out as the world's largest digital asset fell from $70,000. Some analysts
1:06.1	describe Bitcoin's pullback from record highs as a typical bull breather seen after a sharp uptrends,
1:11.7	while others said that the market could be adjusting to uncertainties ahead of next month's
1:16.9	mining reward having. Bitcoin is at $67,759 down over 6% as of 9.30 a.m. Eastern time. The CoinDesk 20
1:27.1	index is also down around 7% at 2604.
1:31.9	El Salvador has more Bitcoin than we thought. The Central American country moved $400 million
1:37.7	in Bitcoin into a cold storage wallet this week. The disclosure by President Naib Kelle
1:43.4	nearly doubled the country's known
1:45.3	holdings of the largest cryptocurrency by market cap. President Bikale revealed the wallet on X,
1:51.2	representing the first time the nation's holding has been tied to a specific address.
1:56.7	And Bitcoin Layer 2 Project BVM gains traction with the promise of juicy airdrops.
	...

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