Bitcoin plunges sharply as recession fears drive global market sell-off: CNBC Crypto World

    CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Matt Hougan, chief investment officer at Bitwise Asset Management, discusses the steep drop in crypto markets amid a global market sell-off.

    Chapters:
    00:00 – CNBC Crypto World, Aug 5, 2024
    0:20 – Crypto plummets
    2:16 – Bitwise’s Matt Hougan

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    Bitcoin plunges sharply as recession fears drive global market sell-off: CNBC Crypto World

    27 Comments

    1. Dude, last year I got some crazy gains: 50x on Kas and it's still growing, 15x on INJ, and 20x on Pepe (I got out way too early). Folks, forget about Dyno Coin. Do your own research (DYOR) and invest in new projects. My next bet is Versidium. Time will tell if I was right.

    2. ❤❤From $37K to $65K that's the minimum range of profit return every month I think it's not a bad one for me, now I have enough to pay bills and take care of my family.

    3. I first heard about Bitcoin in 2014, thought it was some game money or
      casino token. 2019 Became a Libertarian. 2023 bought my first sats. That
      first step took 4 years at the minimum

    4. 1:33 HAHAHAHA!!! She's so proud of herself for how she insulted bitcoin.
      My question to ignorant people like her would be: How is bitcoin pretend when it's by far the most secure, most decentralized, and only form of incorruptible money?

    5. I Hit $113k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.

    6. Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires

    7. I'm considering a review of my $60K portfolio allocations, particularly in light of the pause in interest rate hikes. I'm eyeing some high-risk, high-reward opportunities. Crypto and emerging markets seem intriguing. Anyone else exploring these?

    8. It’s all rigged. Stop listening to these people. Everyone acting like stocks isn’t gambling. All these people buy stocks are the most contradicting.

    9. Thank you for your videos… BTC price has been volatile lately, but I believe it's crucial to focus on educating newcomers on strategies beyond simply holding through market dips. One advantage of this space is the ability to buy during dips and actively trade, generating profits while awaiting inevitable price increases. Many people lack a deep understanding of how this market operates. Charts cannot predict asset movements with certainty; prices fluctuate up and down. Despite this volatility, the market remains profitable…. I have managed to grow a nest egg of around 100k to a decent 732k in the space of a few months… I'm especially grateful to Harry’s Dent,, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

    10. I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Michelle Stewart.

    11. Thank you for providing high-quality programming. Your description of the current situation, with investors fleeing to the safety of the US stock market and dollar to prevent a crash, is accurate. However, this "melt UP" phase will eventually end, and the global economy will crash, causing US markets to crash even harder due to the high levels of debt. This will be followed by a "Default Phase" with many massive bankruptcies, and finally "Asset Seizures," where banks and the government will declare a national emergency to justify debiting people's accounts. The legislation for such actions is already in place. My advice to those feeling the heat of inflation is to trade long-term more than ever. < I've made over 650k from day trading with Bradford Jackson in just a few weeks. This is one of the best ways to protect your assets in case of a bearish market.

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