Financials: Cryptocurrency Volatility and 2 Interesting Bank Earnings
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 5 February 2018
⏱️ 17 minutes
🧾️ Download transcript
Summary
Financials takes a look at the volatile declines in cryptocurrencies, as well as earnings from two interesting banks.
Transcript
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| 0:00.0 | Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. |
| 0:06.6 | It's Monday, February 5th, and we're talking through a news roundup. |
| 0:10.5 | Cryptocurrency volatility and earnings for a pair of smaller banks. |
| 0:14.3 | I'm your host Michael. |
| 0:15.3 | I'm joined by Matt Frankel. |
| 0:16.7 | Matt, thanks for joining us. |
| 0:17.7 | Always fun to be here. |
| 0:19.7 | Awesome. |
| 0:20.7 | So before we get into things I should note, because it might actually matter for some of the numbers we're talking about. |
| 0:25.3 | We're actually pre-recording this episode on Friday, February 2nd. |
| 0:28.8 | So we're talking about cryptocurrency |
| 0:33.9 | cryptocurrency volatility could be wildly out of |
| 0:39.1 | currency volatility could be wildly out of date by Monday. |
| 0:39.7 | So any numbers we mentioned just keep that in mind. So let's head to our headline story. |
| 0:47.5 | Bitcoin plunged below $8,000 this morning, bottoming out around 7,900. It's actually up to about 8,600 as of right now. |
| 0:57.0 | Still, it's down over 30% this year and it's not the only one. A number of other |
| 1:00.9 | cryptocurrencies ripples down around 50% year to date. |
| 1:05.0 | Bitcoin Cash, upper 40 is around 50%. |
| 1:09.0 | And just a number of others really underperforming after a lot of investor excitement in January. |
| 1:15.5 | So let's hop into the why because unlike I'd say a fair amount of the time when there's |
| 1:22.4 | volatility around things and we're like, |
| 1:24.0 | why is this? There are actually some legitimate reasons and some legitimate concerns I think |
... |
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