BREAKDOWN: Is the Bull Market Back?

BREAKDOWN: Is the Bull Market Back?

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Elon Musk Loses $50 Billion in a Single Day; SpaceX Moves Bitcoin | CoinDesk Daily

Elon Musk lost $50B? SpaceX shares fell over 6% and Tesla dropped nearly 4% on Tuesday, wiping more than $50 billion off Elon Musk's net worth and pushing him below the $1 trillion mark. Meanwhile, SpaceX's bitcoin wallet — holding 18,712 BTC — made its first transaction in six m ...  Show more

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Is the Bull Market Back?
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At the end of last week, bitcoin reversed a couple months of downward momentum and reclaimed $40,000. Now, as momentum builds, the community is wondering whether this is a temporary reprieve or a fundamental turn back to the bullish. NLW shares a variety of opinions from across t ...  Show more

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This episode is sponsored by Nexo.io, Chainalysis and FTX US. In today’s episode, NLW looks at June and July as paired months that remade the market landscape. He looks at market data, key events in crypto and key events in macro to paint a picture of where things stand heading ...  Show more

Bitcoin Reclaims $30K as the Macro Discussion Shifts From Inflation to COVID-19 to Growth
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Bitcoin is up just over 7% in the last 24 hours, following its first close below $30,000 since New Year’s Day. On this episode of “The Breakdown,” NLW proposes possible explanations for this reversal, including: Competing concerns of Inflation and slow post-COVID recovery Inst ...  Show more

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