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Sa 24/10 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:02
  SPEAKER_01: Happy Saturday all and welcome back to the Panic Drop podcast where we catch you up
• 0:06
  SPEAKER_01: on everything that moved in crypto and stocks over the last 24 hours.
• 0:12
  SPEAKER_01: Bitcoin is sitting around $80,900 down about 1%
• 0:17
  SPEAKER_01: To spot Bitcoin ETF issuers sold $635 million worth of Bitcoin,
• 0:23
  SPEAKER_01: but zoom out a little because Bitcoin just climbed back above its 200-day average
• 0:29
  SPEAKER_01: against the Nasdaq, ending a streak of $235.
• 0:37
  SPEAKER_01: Franklin Templeton also got the green light to list two new Bitcoin ETFs
• 0:42
  SPEAKER_01: that reinvest dividends from US stocks straight into Bitcoin
• 0:46
  SPEAKER_01: and CME Group now calls Bitcoin a decentralized store of value after more
• 0:51
  SPEAKER_01: than $326 billion in Bitcoin derivatives volume last quarter.
• 0:58
  SPEAKER_01: CZ reminded everyone that every time people called Bitcoin dead, it was the best time to buy.
• 1:05
  SPEAKER_01: Over in geopolitics,
• 1:06
  SPEAKER_01: Israeli Prime Minister Netanyahu asked for a crypto plan
• 1:10
  SPEAKER_01: to counter possible financial sanctions, which is quite the endorsement.
• 1:16
  SPEAKER_01: On Wall Street,
• 1:17
  SPEAKER_01: Friday ended in the red with the Dow down one point two per cent,
• 1:21
  SPEAKER_01: yet Small Cap snapped a six-week losing streak,
• 1:25
  SPEAKER_01: while Brent Oil surged to almost one hundred seventeen dollars.
• 1:31
  SPEAKER_01: The economy is sending mixed signals too,
• 1:33
  SPEAKER_01: with strong business activity but consumer sentiment near a record low.
• 1:39
  SPEAKER_01: SpaceX is reportedly eyeing 80,000 cell sites to become a fourth wireless carrier.
• 1:46
  SPEAKER_01: Which knocked the telecom giants and earnings from American Express
• 1:50
  SPEAKER_01: and Robert Half looked solid with all eyes now on the Fed and Big Tech next week.
• 1:57
  SPEAKER_01: In altcoin land, Ethereum is around $2,300.
• 2:00
  SPEAKER_01: That's your recap, so make sure to follow along and tune in again tomorrow.
• 2:20
  [music]