MARKETS DAILY: Crypto Update | Bitcoin Drops to Lowest Level Since June

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4.7 • 698 Ratings

🗓️ 17 August 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

The latest price moves in crypto markets in context for August 17, 2023. Today's episode is sponsored by Kraken Pro. Today's Stories: First Mover Americas: Bitcoin Drops to Lowest Level Since June Bitcoin's 2023 Bullish Trendline in Focus as Traders Search for Directional Clues Crypto Long Trades Account for 90% of Total Liquidations as Bitcoin, Ether Slump Sei, Blockchain Designed for Trading, Goes Live but 'Frustration' Mounts Over Airdrop - From our sponsors: Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto. It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface. Head to pro.kraken.com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax. - This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. 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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0:49.5	This episode of Markets Daily is sponsored by Cracken.
0:57.8	It's Thursday, August 17th, 2020, and this is Markets Daily from CoinDesk.
1:02.7	Hi, I'm Michelle Muso here with your Crypto Markets Roundup.
1:05.8	On today's show, we're talking Bitcoin, PayPal, and more.
1:09.2	And just a reminder, CoinDesk is a news source and does not provide investment advice.
1:21.8	Bitcoin has broken out from its very tight trading range, but not in ways the Bulls would
1:26.3	have liked to see.
1:27.9	The leading cryptocurrency slipped to its weakest level since June 21st. The decline extended a slide that
1:33.5	began earlier this week in mirrored risk adversion on Wall Street. The formerly red-hot stock
1:39.1	market averages have been slumping in August due to interest rate fears, banking sector concerns, and overall worry.
1:46.0	The downside volatility in Bitcoin comes days after the U.S. Commodity and Futures Trading
1:50.4	Commission's report, which showed leveraged funds increased bearish bets on CME, cash-settled Bitcoin
	...

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