The Breakdown The Five Most Important Stories in Crypto This Week
Jun 22, 2024
Crypto expert Scott Melker discusses SEC halting ethereum investigation, Certik Kraken bug, Saylor's btc buys, stable coins as 18th largest US debt holder. The podcast also covers bear market sentiment, MicroStrategy's Bitcoin purchase, and ethical dilemmas in the crypto space.
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Strange Market Sentiment
- This week felt more like a bear market, with negativity and controversy.
- This is unusual for a summer week during a bull market.
Bitcoin Options Market Bullish
- Despite current market dips, the Bitcoin options market shows a bullish bias.
- There's significant buying interest in calls for $90k-$100k by late 2024/early 2025.
Managing Crypto Psychology
- Manage your psychology in the crypto space by observing market signals.
- Focus on what people with money are doing, rather than opinions on social media.