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CRYPTO 101

Crypto Rundown: The Trump Bitcoin Trade You Need To Know & Why Ethereum ETFs Have Outflows

CRYPTO 101

Bryce Paul & Brendan Viehman

Business, Investing

4.6821 Ratings

🗓️ 1 August 2024

⏱️ 48 minutes

🧾️ Download transcript

Summary

In this episode of the Crypto Market Rundown, Brendan Viehman and Tevo explore the current landscape of the cryptocurrency markets, with a special focus on the significant movements of Bitcoin and Ethereum. They discuss Bitcoin's resistance at the $70,000 level and its implications for market dynamics, alongside the exciting development of Ethereum's newly launched spot ETFs which continue to attract substantial inflows despite notable outflows from Grayscale. The episode also highlights the political dimensions of cryptocurrency, such as former President Trump's supportive remarks at the Bitcoin 2024 conference, signaling a potential favorable shift in regulatory perspectives. With comprehensive analysis and insights into how these factors might shape the future of crypto markets, the hosts provide listeners with a thorough understanding of the current crypto trends and potential opportunities.


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Transcript

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0:00.0

Ladies and gentlemen, welcome back to the Crypto Market Rundown, where we talk about everything

0:13.5

that's happening in the world of cryptocurrency, from the fundamental in the news to the

0:18.4

technicals on the charts, we spend the time doing

0:20.9

hours of research so that you all don't have to.

0:24.3

And yet another action-packed week here in Crypto, Tivo, all sorts of stuff happening.

0:29.8

Can't wait to dive into it all.

0:31.9

But how are you feeling on your end?

0:34.9

Feeling good.

0:36.0

Enjoying the summer, I think it was, you know, it's always good to kind of

0:40.2

take a step back. We're in this every week, spreading the good word of crypto, breaking down the

0:44.3

news and always trying to, I think, put a positive spin on it. But yeah, zoom out. Markets have been

0:49.9

sideways. You know, we've seen some breaks to the upside. We've seen some breaks to the downside, but, you know, just got to focus on keeping a steady head and looking at things with

0:59.2

even keeled. And I had a nice week at the, even though we did record the episode last week,

1:03.1

with Bryce, I was at the beach with my family. So always, always, you know, good to do a little

1:08.1

reset. But eyeing up the fall or the end of summer here in the fall.

1:12.0

And there's a lot of momentum like we've been talking about all summer long. So excited to dive into it.

1:17.6

Yeah. I mean, let's just take a look at what's happening at a very high level overview right now.

1:22.3

I mean, Bitcoin just hit it, or rather recontested $70,000. It's all-time high and cycle highs right around $74,000.

1:32.0

So it's pushing back up into the highs, saw a little bit of a rejection. We had the Bitcoin

1:36.7

conference last week. Trump was speaking there, RFK Jr., all these other financial figures.

1:42.7

We've seen a lot of volatility. Salana continues to just impress

1:46.4

us as we're going to take a look at. The Ethereum ETFs are going wild still, even about a

...

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