Crypto Prices Collapse: How Much Worse Can It Get?

Join Matt and Nick as they break down why Bitcoin and the broader cryptocurrency market have sold off heavily, exploring potential reasons such as growing recessionary fears, changing election odds, and the strengthening Japanese yen.

Key Takeaways
• Crypto prices have tumbled amid broader selling of risk-off assets caused by several reasons.
• These reasons include growing fears of a U.S. recession, a tightening of the election race, and heightened uncertainty surrounding Japan’s economy.
• Among the altcoin updates covered: Avalanche used by the Californian DMV and Lido’s institutional offering.

Timestamps
00:00 Intro
00:18 Market Correction
01:53 Japan bonds and stocks crash
04:19 Recessionary Fears in the US
08:05 Impact of the US Election
10:00 Jump Crypto's Controversial Selling
13:13 Growing Conflict in the Middle East
15:30 Tether's Record Profits
17:16 SEC's Lawsuit Against Binance
18:53 MicroStrategy's Bitcoin Buying Spree
20:33 Avalanche's Partnership with California DMV
21:33 Lido's Institutional Offering
27:39 Stablecoin Supply Reaches All-Time High

#BTC #ETH #AVAX #LDO

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Disclaimer: We are not Financial Advisors. All opinions expressed by Collective Shift representatives and/or guest/s in this video are intended for informational purposes only and should not be treated as investment or financial advice of any kind. Any information provided during the video is general in nature and does not take into account the viewers' specific circumstances. Collective Shift and its individual team members are not liable to the viewer or any other party for the viewer’s use of, or reliance on, any information received, directly or indirectly, from the video in any circumstances.

The viewer should always:
1. conduct their own research;
2. never invest more than they are willing to lose; and
3. obtain independent legal, financial, taxation and/or other professional advice in respect of any decision made in connection with this video.

[BitcoinPumpItUp]

did you even check the prices before you released this video!? rofl wtf

[geoffn]

Trump won’t liquidate Bitcoin. It’s possible Kamala would liquidate a reserve like that.

[wayneflint]

How much can it fall? A lot. Stage 2 collapse to come. 50, 700 in 9 days. From there who knows! The yen and the yuan are in big trouble.

[markkuykendall]

JFC, the average market participant is an incredible coward.

[smilaise]

BTC is up 4k in the past three weeks.

You make a living scaring weak people. Your parents must be annoyed of you.