DDCT #136 - 6/15/2022 (What Happens if Bitcoin Falls Below $20,000?)
24m | Jun 15, 2022#Bitcoin #MichaelSaylor #cryptocrash
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ARTICLES used in today's video:
https://ambcrypto.com/between-ethereum-and-its-merge-what-is-stopping-eths-recovery-on-the-charts/
Between Ethereum and its Merge, what is stopping ETH’s recovery on the charts
Ethereum [ETH]’s much-awaited “Merge” is here. And it is here to create the much-anticipated shift in paradigm i.e. the shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Much has been said about ETH’s merger, however, how has the token faired amid the ongoing changes to the network? Let’s find out…
https://qz.com/2177569/the-biggest-corporate-holder-of-bitcoin-is-facing-a-reckoning/
The biggest corporate holder of bitcoin is facing a reckoning
MicroStrategy is famous for owning more bitcoin than any other publicly-traded company. As of June 14, the Virginia-based business intelligence company holds 129,218 bitcoins, more than two-and-a-half times as much as Tesla, the next largest bitcoin owner. That bitcoin is now worth about $2.9 billion, less than half of the roughly $6 billion it was worth just two months ago.
https://observer.com/2022/06/coinbase-and-its-ceo-are-melting-down/
Coinbase and Its CEO Are Melting Down
For a time, Coinbase looked like one of the great success stories of the cryptocurrency era. The company built one of the best-known and most reliable crypto exchanges in the world (although most of its customers are in the US). Its assets under management ballooned from $11 billion in 2018 to $223 billion in 2021. And its initial public offering in April 2021 was exquisitely timed to harness bitcoin’s upward trajectory. The Observer included Coinbase in its 2022 list of the most important companies in decentralized finance.
S&P 500 bear market deepens further ahead of the Fed meeting
Stocks see-sawed between gains and losses after Monday's painful selloff which put the S&P 500 into a bear market.
The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all opened higher on Tuesday, but the Nasdaq was the only index to close higher, up 19 points or 0.18%. The S&P 500 closed down about 14 points, or 0.4% while the Dow closed down 151 points, or 0.5%.
https://decrypt.co/102952/what-happens-if-bitcoin-falls-below-20000
What Happens if Bitcoin Falls Below $20,000?
As bearish sentiment floods financial markets, experts are weighing in on whether Bitcoin will plunge below the $20,000 mark—and what might happen if it does.
Bitcoin, now firmly in a bear market, is currently trading at just above $22,000, a remarkable fall from its all-time high price of nearly $69,000—and a drop that most observers attribute to worsening macro-economic conditions, such as rising inflation and interest rates.
https://alternative.me/crypto/fear-and-greed-index/
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Dave
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