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The Wolf Of All Streets
Bitcoin Is Crashing! $80K Next? What’s REALLY Behind the Drop? | Macro Monday
Jan 13, 2025
Join experts Dave Weisberger, a macroeconomic guru, Mike McGlone, a seasoned market analyst, and James Lavish, a proficient commentator, as they dissect the latest shifts in the financial landscape. They discuss Bitcoin's struggles against a robust dollar and rising bond yields, the economic fallout from Southern California's destruction, and the contrasting fortunes of the affluent versus struggling individuals. Expect insights on potential market corrections, the influence of political dynamics, and the evolving cryptocurrency landscape, especially Bitcoin and Ethereum.
01:01:56
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Quick takeaways
- The strength of the dollar and rising bond yields are causing significant turbulence across financial markets, impacting Bitcoin's critical support levels.
- Ongoing inflation pressures and cautious consumer behavior are creating a bearish sentiment among market experts regarding risk assets.
Deep dives
Dollar Strength and Market Reactions
The dollar is experiencing significant strength, with the DXY index reaching 110. Concurrently, 10-year bond yields have risen to 4.8%, even amid the Federal Reserve's cutting cycle. This combination is creating turbulence in the financial markets, reflected in declining values across various assets, including Bitcoin, which is testing critical support levels at around $90,000. Analysts suggest that this volatility could be a reaction to uncertainty ahead of a forthcoming presidential inauguration rather than an indication of deeper systemic issues.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode