This episode is sponsored by NYDIG.
On as we speak’s episode of “The Breakdown,” NLW appears on the market’s response to a brand new bitcoin all-time excessive, together with:
- The success of the primary day of the ProShares bitcoin futures exchange-traded fund
- Why the ETF didn’t find yourself being a “buy the rumor, sell the news” occasion
- Why the brand new ATH is all of the extra spectacular given the latest FUD and actions by the Chinese authorities
- Why this ATH has some very totally different on-chain dynamics from earlier ones
See additionally: Bitcoin Hits All-Time High Above $66K on Strength of ProShares ETF Debut
“The Breakdown” is written, produced by and options NLW, with enhancing by Rob Mitchell and extra manufacturing help by Eleanor Pahl. Adam B. Levine is our government producer and our theme music is “Countdown” by Neon Beach. The music you heard as we speak behind our sponsor is “Tidal Wave” by BRASKO. Image credit score: Konstantin Maksimov/iStock/Getty Images Plus, modified by CoinDesk.