Why is crypto crashing?

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Commodities, Investments, Economics, Trading, News, Stocks, Oil, Uranium, Business News, Crypto, Investing, Crisis, Business, Gold, Industry, Debt, Macroeconomics, Talk, Research, Personal, Geopolitics, Curzio, Finance, Tokens

4.6 • 1.1K Ratings

🗓️ 17 April 2024

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

The next Bitcoin halving is right around the corner… This event has historically been super bullish for crypto. Yet, Bitcoin is trading significantly off its all-time high of just two months ago. In fact, it’s down 12% in the last week alone. The pullback has investors wondering what the hell is going on with crypto… I start today’s show by explaining why the pullback isn’t nearly as alarming as it seems… and why the halving will ultimately drive Bitcoin’s price higher. I’m hosting my next Crypto 2024 LIVE event on April 30 at 7 p.m. ET—where I’ll break down the current crypto environment… and how to position yourself to make life-changing gains in the space. I’ll end the event with a Q&A, where I’ll answer your most pressing questions about crypto. So make sure to register and send me your questions at https://secure.curzioresearch.com/crypto24-after-halving/?utm_source=Libsyn During her CNBC appearance yesterday, U.S. Representative Maxine Waters (D) said she believes big banks are at risk. (She also took some easy shots at Donald Trump.) I highlight why Waters’ statement on banks is absolutely crazy. Plus, I give an overview of the criminal proceedings against Trump… and why he should still be permitted to campaign. J.B. Hunt (JBHT) just reported quarterly earnings… And the numbers paint an alarming picture of the economy. I break down why you should absolutely care about these results—even if you don’t own the stock. I also explain why you should expect a ton of volatility this week as more companies report—and why I’m worried about the coming guidance. In this episode The upcoming Bitcoin halving [0:48] Why crypto is pulling back [3:34] Join our next Crypto 2024 LIVE [8:31] Rep. Maxine Waters said what about big banks? [20:43] What JBHT’s earnings tell us about the economy [27:57] Why I’m worried about guidance this earnings season [33:33] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox each week: www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --iTunes: itunes.apple.com/us/podcast/wall-street-unplugged-frank/ --Stitcher: www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 --Website: www.curzioresearch.com/category/podcast/wall-street-unplugged/ Twitter: twitter.com/frankcurzio Facebook: www.facebook.com/CurzioResearch/ Linkedin: www.linkedin.com/in/frank-curzio-690561a7/ Website: www.curzioresearch.com/category/podcast/wall-street-unplugged/ Curzio Research App: https://apps.apple.com/us/app/curzio-research/id6466212450

Transcript

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0:00.0	Wall Street Unplugged looks beyond the regular headlines heard on mainstream financial media to bring you
0:07.4	unscripted interviews and breaking commentary direct from Wall Street right to you on Main Street.
0:16.0	What's going on there to April 17th?
0:18.0	I'm Frank Courageous to watch from Park Show break the headlines and uh...
0:24.0	tell you what's really moving these markets
0:30.0	in today's show
0:32.0	a recent pullback in stocks, is it just the beginning?
0:35.0	Maxine Waters thinks big banks are at risk.
0:40.0	Do you believe her?
0:48.0	And another sign our economy is not as strong as most economists think. Let's begin with Bitcoin, which is down 12% in the past week to 62,000, down sharply from its all-time
0:57.3	highs of 73,000, which hit about two months ago.
1:02.3	There's an Ethereum, Solana, all the big
1:05.2	cryptocurrencies get hit.
1:07.2	Many that meme stocks have gotten annihilated because you're up 5,000, 10,000 percent
1:11.9	in the past six months, I'm not kidding.
1:13.5	It's insane.
1:14.8	Just meme coins, coins just made up,
1:17.3	no utility features, garbage.
1:20.2	Pump and dump.
1:23.0	The people have been asking what's going on with crypto?
1:29.0	I mean shouldn't be happening right with Bitcoin Halfing coming.
1:31.0	It's coming on Saturday, which has always been a
	...

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