Latest / Panic Drop Podcast / Mo 26/10 | Daily Crypto & Macro News

Transcript

Mo 26/10 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:02
  SPEAKER_01: Happy Monday, I'll grab your coffee because the week is starting with a bang.
• 0:06
  SPEAKER_01: Bitcoin is sitting right on the $80,000 line down about 1% in the last day
• 0:10
  SPEAKER_01: and another $117 million in long positions got wiped out.
• 0:18
  SPEAKER_01: But here's the headline that made me spit out my coffee.
• 0:21
  SPEAKER_01: Defense Secretary Pete Hegseth confirms
• 0:24
  SPEAKER_01: the Pentagon is running classified Bitcoin initiatives for leverage over China.
• 0:29
  SPEAKER_01: Yes, the Pentagon.
• 0:31
  SPEAKER_01: On the charts,
• 0:32
  SPEAKER_01: Bitcoin is It's bouncing from a low against the dollar index
• 0:35
  SPEAKER_01: while holding its long-term channel,
• 0:37
  SPEAKER_01: a setup that historically marked the start of a bull market
• 0:41
  SPEAKER_01: and Strive's CEO is hinting at buying more.
• 0:45
  SPEAKER_01: Still, some perspective.
• 0:47
  SPEAKER_01: Bitcoin and Gold are the two worst performing major assets this year,
• 0:52
  SPEAKER_01: both down about 7.5%,
• 0:55
  SPEAKER_01: something we have never seen before and Bitcoin sits 36% below its all time high
• 1:01
  SPEAKER_01: while Apple South Korea,
• 1:05
  SPEAKER_01: meanwhile, is delaying its crypto gains tax again, now to 2029.
• 1:12
  SPEAKER_01: Over in Brazil,
• 1:13
  SPEAKER_01: Lula won the election and Petrobras crashed more than 10%,
• 1:17
  SPEAKER_01: While a synthetic Brazil ETF on Hyperliquid dropped about 25% with
• 1:23
  SPEAKER_01: the local market still closed,
• 1:26
  SPEAKER_01: Elon Musk warns lenders have almost cut off funding to companies that live purely
• 1:31
  SPEAKER_01: on AI data To send to revenue,
• 1:34
  SPEAKER_01: President Trump calls high gas prices a small price to pay for the Iran war,
• 1:39
  SPEAKER_01: and France's 10-year yield just broke 5%, the highest since 2002.
• 1:43
  SPEAKER_01: And this is a monster
• 1:47
  SPEAKER_01: We'll see you next time.
• 2:03
  SPEAKER_01: In altcoins,
• 2:04
  SPEAKER_01: Ethereum trades around $2,314,
• 2:08
  SPEAKER_01: down about 2%,
• 2:09
  SPEAKER_01: and is still 53% below its peak,
• 2:12
  SPEAKER_01: while Spot XRP ETFs flipped back to inflows with $4.26 million this week.
• 2:20
  SPEAKER_01: Solana hovers around $101, and Hyperliquid's token sits near $75.
• 2:27
  SPEAKER_01: That is your Monday recap, so if you enjoyed it, Give me a follow and tune in again tomorrow.
• 2:35
  [music]