This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW looks at a few explanations for the current bearish sentiment turn, including:

  • A belief that a bubble is finally bursting
  • A larger market shift to risk-off based on inflation concerns and expectations around shifting monetary policy
  • A normal crypto “micro-cycle”

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: sesame/DigitalVision Vectors/Getty Images, modified by CoinDesk.