Equity Monday: Crypto's awful weekend, Apple v. Epic, and funding rounds galore
Equity
TechCrunch
4.2 • 372 Ratings
🗓️ 24 May 2021
⏱️ 7 minutes
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| 0:00.0 | Equity is brought to you by Extra Crunch, that Prodigious Tech Ranch Paywell you keep running into. |
| 0:05.0 | You can break through that Paywell at a steep discount if you use the promo code Equity. |
| 0:09.0 | If you do, you'll get access to our best stuff and you'll make Equity look really good internally at the same time. |
| 0:13.5 | Enough of that, let numbers behind the headlines. |
| 0:35.0 | Today is May 24th and it is going to be one hell of a week so strap in and let's go. |
| 0:41.0 | Alright we're going to kick off as always with a look back at the weekend. |
| 0:47.4 | It was a somewhat quiet period from a startup perspective. |
| 0:50.7 | No company announced a multi-billion dollar deal for an upstart tech company that you've heard of, you know, that sort of thing. |
| 0:56.0 | But in the world of cryptocurancies, it really was anything but quiet. |
| 1:00.0 | A sell-off that was still keeping the market's attention on Friday, lengthened into the weekend |
| 1:04.8 | with Bitcoin bottoming out around 32,500-ish on Sunday. |
| 1:09.5 | Ethereum itself saw its own coin fall to around 1900 over the same time frame. |
| 1:14.0 | Now since then things have gotten better with Bitcoin rebounding to around 37,500 |
| 1:19.0 | and Ether to around 2,350. |
| 1:22.0 | And keep in mind that you know you're going to hear this,350. |
| 1:22.9 | And keep in mind that, you know, |
| 1:24.4 | you're gonna hear this an hour after I've been recording it, |
| 1:26.2 | so if those numbers change, don't bite me. |
| 1:28.1 | It's just, that's how cryptos go. |
| 1:29.7 | Anyways. |
| 1:30.6 | Both coins remain far, far below their all-time highs that they set very recently. |
| 1:34.8 | Of course, Bitcoin spiked up to above 64,000, and Ether cracked about 4,300 before losing more than half |
... |
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