Hello and welcome back to Equity, the Tech Runch Podcast, where we unpacked the numbers and the nuance behind the headlines. It is September 19, 2022. This is Alex, good morning. I hope you had a lovely weekend.

I spent most of it in a post-Vax coma,

so I didn't get a lot done, but hey, what can you say?

Now, a couple quick notes before we jump into the news.

The first thing is that we had an excellent crossover episode with

the fine folks from Tech Run podcast Chain Reaction all about the

Ethereum merge if you want to check that out it came out over the weekend on

Saturday in your podcast feeds everywhere.

And as we're going to remind you up until the day

disrupt begins, if you use the code equity,

you can save 15% off your tickets.

And I do think that code also works for Tech Crunch plus if you want to save money.

Whoo! All right, we got all that done. Let's do a show.

Let's start with a look at the global markets and we'll kick off with stocks.

Now this was actually more of a fun

section when everything was going up whereas lately the news has been somewhat

shit and frankly there's no exception this morning. Stocks are lower in

Europe, stocks are lower in Asia and they are set to open lower here in the United States.

But the paying in your investment account may be nothing compared to your crypto wallets value as that part of the global financial system is taking on even more water.

What's going on? Well, Bitcoin is off 6% in the last 24 hours to 18,690, if the Ethereum token is off nearly 9% in the last 24 hours to $1,318.

scanning out a little bit to a full week, well, Bitcoin is off 16%, whereas eith is down 25%. So what's going on? Well I would say a lack of good news or perhaps more importantly

unexpected good news. You might have thought that a well-managed merge, the recent upgrade to the

...