AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Coin Stories with Natalie Brunell
News Block: Why is Bitcoin's Price Sideways? SEC Closes Investigation into ETH, Anti-Tether Campaign Hits Times Square, Fed's Treasury Holdings to Double by 2034
Jun 20, 2024
12:08
Snipd AI
This podcast delves into the potential manipulation of Bitcoin's price by hedge funds through a basis trade strategy, SEC closing its investigation into Ethereum 2.0, an anti-Tether campaign hitting Times Square, and the prediction of Fed's Treasury holdings doubling by 2034. It also covers the impact of shorts in Bitcoin futures, hedge fund arbitrage trades, and stablecoins' role in US debt sales.
Read more
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Bitcoin's price manipulation theories include basis trades and miner sell-offs post-halving.
- SEC closing investigation into Ethereum 2.0 signals regulatory shift and approval of Ethereum ETFs.
Deep dives
Factors Influencing Bitcoin's Price Movement
Bitcoin's price stagnation around the $60,000 range has confounded many observers despite positive developments in the cryptocurrency space. Theories suggest that long-term holders and miners selling off holdings due to reduced profitability post-halving could be exerting downward pressure on Bitcoin's price. Additionally, the basis trade strategy, where traders exploit price differences between Bitcoin spot and futures markets, might also be affecting Bitcoin's price dynamics.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode