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CRYPTO 101

Crypto Rundown: Rate Cuts Incoming! How Will Bitcoin and Crypto React?

CRYPTO 101

Bryce Paul & Brendan Viehman

Business, Investing

4.6821 Ratings

🗓️ 29 August 2024

⏱️ 41 minutes

🧾️ Download transcript

Summary

In this episode of the Crypto Rundown, Brendan Veihman and Tevo dive into the latest developments in the cryptocurrency markets, focusing on the impact of potential Federal Reserve rate cuts on Bitcoin and other digital assets. They explore how historical rate cuts have led to both significant market downturns and impressive rallies, analyzing whether current conditions might favor a bullish or bearish outcome for crypto. The discussion also highlights the critical role of the US Dollar Currency Index (DXY) in predicting Bitcoin’s next big move, with detailed insights into how a weakening dollar could spark a new crypto bull run. Additionally, the hosts cover recent trends in altcoins and Bitcoin dominance, offering listeners a comprehensive view of where the market might be headed next.


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Transcript

Click on a timestamp to play from that location

0:00.0

Ladies and gentlemen, welcome back to the Crypto Rundown, where we talk about everything that's

0:13.1

happening in the great world of cryptocurrency. From the fundamentals through the news

0:17.7

to the technicals on the charts, we spend the time doing hours of research so that you all don't have to.

0:24.3

And I know what you're thinking. You know, we're coming in after the crypto market is moving down a little bit here.

0:29.2

We've been on quite the wild ride as Bitcoin has recovered from the mid-50s, back up the 65K.

0:35.9

Now we're floating below 60K again. You're saying, man, what in the world

0:40.6

could be happening in the crypto markets here? But rest assured, there is in fact so much happening.

0:46.5

In fact, me and Tivo were creating the outline for this episode. We're like, all right, let's

0:51.1

include this and that and this and that. And we're like, are we going to have enough time for this all?

0:56.8

So if you're listening to in, man, we got an action-packed episode in store for everyone today.

1:02.5

We hope all of you are at least a fraction as excited as we are.

1:07.2

But let's go ahead and kick things off by handing it over to Captain Tevo over there.

1:13.2

Yeah, I mean, from March, right, we're in this wild range of up down, up down.

1:19.2

And I don't know.

1:20.4

I guess even I could admit that if you zoomed out and just looked at the last couple of months,

1:24.3

like you could even maybe call it boring.

1:26.0

But, you know, as we all

1:27.7

know, whether it's with Bitcoin or even all coins, the volatility, kind of keeps you on your

1:31.3

toes at all times. But even in this boring, quote unquote, range that stayed the same, there's

1:36.6

been so much news and so much kind of really moving forward in the space of political things.

1:43.8

We got a lot to talk about today with the

1:46.5

Fed funds rate changing and just literally a full document of stuff to talk about. And it feels

...

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