Bitcoin just retested levels not seen in nine months, dropping near 58,000 before settling under 60,000. Extreme fear is everywhere, and in this week's Crossover we break down exactly why, and whether we are close to a bottom.
We cover the big one: Strategy, the company that pioneered putting Bitcoin on corporate balance sheets, is short on cash to cover preferred dividends, with that preferred stock now trading around 20% below its 100 dollar mark. Investors are openly asking if the biggest corporate holder could be forced to sell. We also unpack sticky inflation and the shift from rate cut talk to rate hike fears, the emergency 8% trading halt in Korea on AI slowdown fears, Japan's currency wobble, steady Bitcoin ETF outflows, and Ethereum falling harder than Bitcoin. Plus what smart money is saying, from Arthur Hayes and the Milk Road to Coin Bureau's cautiously constructive call, the prediction market boom with Polymarket and Meta, and new Solana and altcoin funds nearing launch.
#CryptoEducation #WeeklyMarketUpdate #WOW #Bitcoin #Ethereum #MicroStrategy
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⚠ Disclaimer: This video is for educational purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.
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The Baton Is Passing: Wall Street's Last Holdouts Just Caved