Bitcoin
$60,156.30-2.36%
Ethereum
$2,878.37-4.23%
Binance Coin
$530.04-2.22%
Solana
$128.98-3.28%
XRP
$0.46878905-5.33%
Toncoin
$6.28+2.60%
Dogecoin
$0.14072826-5.15%
Cardano
$0.42419091-5.24%
Shiba Inu
$0.00002097-5.87%
Avalanche
$32.15-5.56%
Tron
$0.10614807-3.47%
Wrapped Bitcoin
$59,726.17-0.98%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index

Opinion

Bearish or Bullish? What Oil, Defi Hacks and Cash Hoarding Tell Us About Markets

As economic confusion gains ground, NLW breaks down what in the recent news is bullish and what is bearish for bitcoin and the crypto community.

By Nathaniel Whittemore
AccessTimeIconApr 20, 2020 at 7:00 p.m. UTC
Updated Sep 14, 2021 at 8:31 a.m. UTC
AccessTimeIconApr 20, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 8:31 a.m. UTC
Breakdown4.20
AccessTimeIconApr 20, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 8:31 a.m. UTC

As economic confusion accelerates, NLW breaks down what in the recent news is bullish and what is bearish for bitcoin and the crypto community.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

It’s hard to look at recent news from both crypto and traditional markets and not feel like we’re getting mixed signals. Stocks have been recovering but oil is hitting historic lows. DeFi suffers a major hack over the weekend, but Coinbase sees a major spike in $1,200 transactions right as $1,200 stimulus checks hit. Cash hoarding is giving a pretense for eliminating privacy-preserving money, but one of the world’s most successful hedge funds has authorized investment in bitcoin futures. 

On today’s episode of The Breakdown, NLW separates bullish from bearish signals for the strange in-between times. 

See also: Bitcoin’s Bull Case Strengthens After Breaching Price Hurdle at $7.1K

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.