Volatility Ahead?

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 30 July 2022

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, Chainalysis and FTX US. On this edition of the “Weekly Recap,” NLW looks at four reasons markets could see heightened volatility between now and November: Fund managers making YOLO bets to avoid redemptions Inflation surprises shift the Fed back to hawkish Regulatory and media surprises for crypto Politics and geopolitics Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io. - Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:14.8	The breakdown is sponsored by nexo.io, chain aliasis, and FtX, and produced and distributed by CoinDesk.
0:24.2	What's going on, guys is saturday july 30th and that means it's time for the weekly recap before we get into that however
0:31.0	if you are enjoying the breakdown please go subscribe to it give it a rating give it a review or if you
0:36.5	want to dig deeper into the
0:37.6	conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to
0:42.3	bit.ly slash breakdown pod. Also, a disclosure, as always, in addition to them being a sponsor
0:48.4	of the show, I also work with FTX. Now, the theme that I want to explore on this weekly recap and the lens that I want to view
0:56.6	the events of the week through is the potential for more volatility ahead. Right now, markets are
1:03.1	in the midst of a bare relief rally. At least that's what it appears like to me. Ryan Detrick,
1:08.4	the chief market strategist at Carson Group, tweeted yesterday, as of now,
1:12.5	the S&P 500 is up 3.8% on the day of the Fed hike yesterday and the following day today.
1:18.3	Going back to 1970, Bloomberg data, this is the best two-day rally ever after a hike.
1:23.9	Was the Fed hawkish, doveish? Bottom line is the market seems to be comfortable with it.
1:28.9	Now, Bitcoin and crypto are still in the green as well, with Bitcoin above $24,000 at the time of this
1:33.6	recording. Part of it may be an interpretation of the Fed news this week, but part of it may also be
1:39.0	that June was an especially bad month, and we needed some sort of reversion. June, you'll remember, was the worst
1:45.0	month for Bitcoin ever in terms of price. The NASDAQ was also down significantly 8% on the
1:51.1	month. July, on the other hand, is currently on track for the best month in a year for both
1:55.7	Bitcoin and NASDAQ. BTC is up 35% off its bottom, while ETH is more than double its bottom right now. As we explore
2:04.0	markets through the lens of potential volatility ahead, there was a really interesting thread
	...

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