THE HASH: Bitcoin Drops as Markets Await Another Fed Rate Hike, and a Twitter Data Breach
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 25 July 2022
⏱️ 20 minutes
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Summary
Transcript
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| 0:00.0 | This is the hash podcast. |
| 0:10.0 | Stay informed with the latest on Bitcoin, Eith, the Metaverse, Web3, and more, with stories that matter to the crypto world. |
| 0:17.3 | All on the hash for your ears. |
| 0:20.6 | You're listening to the Coin Desk Podcast Network. |
| 0:24.6 | Hello and happy Monday, everyone. |
| 0:28.3 | It's The Hash on Coin Desk TV. |
| 0:31.0 | And if you're listening to us, you can't see us, but you can hear us on the Coin Desk |
| 0:35.5 | podcast network. |
| 0:37.3 | I'm Jen Sanassi on today's show. |
| 0:39.0 | We got Will Foxley and David Morris. |
| 0:42.4 | David, you're kicking us off with some macro news. |
| 0:46.0 | Yeah, so welcome everybody. |
| 0:48.2 | It is Monday. |
| 0:49.1 | And probably the biggest thing that everybody everywhere in markets should be paying attention to this week |
| 0:55.4 | is the Fed is having an open markets committee and is expected to raise rates. And I strongly |
| 1:01.9 | encourage everybody who's interested to read this piece by our colleague, Omkar Godball, |
| 1:06.7 | who did a great rundown of all of the factors going into this meeting. Basically, we have an |
| 1:13.0 | interesting situation where there have been some signs of cooling inflation, but there's still a lot |
| 1:17.7 | of consensus that the Fed is going to do a 75 basis point or a three-quarter of a percentage point |
| 1:23.3 | hike, which is quite a bit. And Omkar highlights some interesting stuff about that sort of conflicting |
| 1:30.2 | set of trends or indicators. And obviously, rising interest rates have implications for crypto, |
| 1:36.5 | which is a speculative asset that could be hurt by rising rates on things like Federal Reserve |
... |
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