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Transcript

Tu 22/9 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:06
  SPEAKER_00: Happy Tuesday, everybody.
• 0:07
  SPEAKER_00: Let's get into what's been happening over the past 24 hours because Bitcoin just had
• 0:11
  SPEAKER_00: an absolutely explosive move.
• 0:14
  SPEAKER_00: Bitcoin surged as high as Bitcoin.
• 0:15
  SPEAKER_00: The crypto market added about 100%.
• 0:30
  SPEAKER_00: $560 billion in market cap over 24 hours as shorts got absolutely squeezed,
• 0:37
  SPEAKER_00: with more than $1 billion in positions liquidated,
• 0:41
  SPEAKER_00: including roughly $850 million in shorts and more
• 0:45
  SPEAKER_00: than 130,000 traders getting wiped out.
• 0:49
  SPEAKER_00: Michael Saylor's strategy now holds about $8.75 billion in unrealized Bitcoin profit
• 0:57
  SPEAKER_00: and the stock rallied sharply,
• 1:00
  SPEAKER_00: so the Bitcoin Treasury strategy continues to pay off.
• 1:04
  SPEAKER_00: Polymarket put a 78% chance on Bitcoin,
• 1:08
  SPEAKER_00: finishing the month above $87,500 and odds of 100,000 this year hit
• 1:10
  SPEAKER_00: a four month high.
• 1:11
  SPEAKER_00: October has historically been Bitcoin's
• 1:20
  SPEAKER_00: So the seasonality is lining up nicely with the momentum.
• 1:24
  SPEAKER_00: Stocks also had a massive day with the Nasdaq closing up 2.8%,
• 1:28
  SPEAKER_00: the S&P 500 gaining about 1.5% and the Dow rising 0.7% adding roughly $1.2 trillion
• 1:33
  SPEAKER_00: to the US stock market.
• 1:42
  SPEAKER_00: AMD crossed $1 trillion in market cap for the first time after jumping roughly 10%,
• 1:49
  SPEAKER_00: ARM rose about 17%, Intel 12% and Meta 11% so it was a risk on day across the board.
• 1:59
  SPEAKER_00: Oil prices fell for a fourth session and treasury yields eased,
• 2:02
  SPEAKER_00: which helped fuel the rally in risk assets.
• 2:06
  SPEAKER_00: In a major development,
• 2:07
  SPEAKER_00: X is partnering with Gemini, Kraken,
• 2:09
  SPEAKER_00: Coinbase,
• 2:10
  SPEAKER_00: Interactive Brokers and Moomoo so users can trade Google
• 2:18
  SPEAKER_00: and Apple are also hiring crypto specialists as they expand into stablecoins,
• 2:25
  SPEAKER_00: tokenization and blockchain payments,
• 2:28
  SPEAKER_00: showing that Big tech is taking this space seriously.
• 2:32
  SPEAKER_00: On the labor front,
• 2:33
  SPEAKER_00: US unemployment has now stayed below 5% for 60 months,
• 2:38
  SPEAKER_00: the second longest streak on record.
• 2:40
  SPEAKER_00: However,
• 2:41
  SPEAKER_00: housing affordability remains a challenge with the The median US home now requiring
• 2:46
  SPEAKER_00: about $126,000 of income against a median household income of $86,000,
• 2:49
  SPEAKER_00: a 47% gap near the highest on record.
• 2:58
  SPEAKER_00: On the altcoin side, Ethereum rose more than 4% toward $2750.
• 3:02
  SPEAKER_00: XRP gained around 8%, Solana nearly 8% and Dogecoin as much as 14%.
• 3:06
  SPEAKER_00: Pepe rallied over 23% in 24 hours and hype broke $95 continuing its incredible run.
• 3:25
  SPEAKER_00: Arbonneer are up more than 70% over the past week,
• 3:29
  SPEAKER_00: so altcoins are really starting to catch a bit.
• 3:33
  SPEAKER_00: Adagon Games launchpad also went live on Robinhood Chain with Chainlink integration.
• 3:39
  SPEAKER_00: That's your crypto and finance wrap for today.
• 3:43
  SPEAKER_00: Make sure to follow along and I'll catch you tomorrow with another update.
• 3:47
  SPEAKER_01: Panic Drop is where we find the truth.
• 3:51
  SPEAKER_01: Listen to the Panic Drop.