Live: Did This Crypto Cycle Just Come To An End?
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 5 August 2024
⏱️ 67 minutes
🧾️ Download transcript
Summary
What on earth is going on with markets around the world?!
We break it all down live on stream. What just happened, what does it mean, and where we go from here.
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✨ Mint the episode on Zora ✨
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TIMESTAMPS
00:00:00 What Just Happened?
00:07:57 Explaining The Yen Carry Trade
00:12:08 Crypto Charts
00:24:13 What About ETFs?
00:29:02 How Did DeFi Hold Up?
00:35:35 LRT Ecosystem
00:38:23 Price Guesses
00:49:00 Monetary Policy Updates
00:55:00 Buffett Is Dumping
00:55:46 Bullish Setup?
01:00:17 Positioning Yourself
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Transcript
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| 0:00.0 | Making Station, we've got an emergency live stream, so we only do this when either something really bad has happened or something really good has happened. |
| 0:11.0 | So we've not to do any good things recently. Yeah, so I went on vacation last week I come back to |
| 0:16.2 | these charts David what they're calling this they're calling this black Monday |
| 0:20.8 | vibe all right so can you get me up to speed? |
| 0:23.8 | Because I haven't paid attention to this. |
| 0:25.4 | I just started looking at it this morning. |
| 0:27.1 | Can you start get me up to speed on what the heck happened? |
| 0:30.4 | I haven't seen one of these in a long time. |
| 0:32.4 | So the markets have really been ruling over for like two weeks now. |
| 0:37.0 | The equities market, the text market, it started off with just like NVIDIA, just selling. |
| 0:42.0 | A lot of tech stocks selling people rotating out of the |
| 0:45.0 | AI stocks that had pumped. When was this like last Friday? The end of the last |
| 0:48.4 | last week? It's been this been the last like two weeks of of traditional trad |
| 0:52.4 | equities market discussions of just like oh like we're |
| 0:56.0 | having a pullback we're having a tech stock market AI pullback but that pullback |
| 0:59.9 | kept on pulling back and it hit an inflection point over this weekend and now has kind of |
| 1:07.8 | impacted just broad markets, global markets. |
| 1:10.2 | So all global markets, this is not just a crypto thing. |
| 1:13.0 | This is if you are in the money, in the world of money and finance, |
| 1:16.0 | if you're in the world of just like equities, traditional markets, whatever you want to, |
| 1:20.0 | however you want to say, like you're paying attention to this. |
| 1:22.0 | The SPY, the American |
... |
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