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MARKETS DAILY: Crypto Update | Key Bitcoin Support Levels to Watch as Volatility Rises

CoinDesk Podcast Network

CoinDesk

Business News, News, Daily News, Tech News

4.7698 Ratings

🗓️ 27 August 2024

⏱️ 17 minutes

🧾️ Download transcript

Summary

The latest price moves and insights with Jennifer Sanasie and Fairlead Strategies founder and Managing Partner Katie Stockton. To get the show every day, follow the podcast here. Fairlead Strategies founder and Managing Partner Katie Stockton breaks down the recent spike in volatility across the crypto market and explains why she foresees a range-bound environment for equities and digital assets in the coming month. - This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes. - This episode was hosted by Jennifer Sanasie. “Markets Daily” is produced by Jennifer Sanasie and Melissa Montañez, and edited by Victor Chen. 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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0:43.9

Wondery, UK. That's audible.com slash Wondery UK. For Bitcoin, the initial support that we're

0:51.7

watching is around 56,500, simply based on a previous

0:56.2

low.

0:57.2

And we feel that if that level is taken out decisively, and by decisively, we mean more than

1:02.4

a week or so below that level, you know, we'd feel like risk is heightened to about

1:07.8

$49,000 to $50,000.

1:10.3

And if that's an uncomfortable amount of risk for someone to take,

1:13.4

well, then they may consider reacting to that kind of breakdown. It's Tuesday, August 27th,

1:19.0

and this is Markets Daily hosted by me, Jen Sanasi. On this show, as you know, we navigate

1:24.4

the currents shaping the crypto markets, providing insights against the broader financial landscape.

1:29.7

So whether you're actively trading or simply fascinated by the volatility that is the crypto markets,

1:34.8

this show is your compass to understanding what's happened, where we are, and where we're going.

1:39.1

Good morning, everyone.

...

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