Bitcoin struggles to hold $75,000 as more than $1 billion in leveraged cryptocurrency positions are reportedly liquidated over the weekend and Bitcoin ETFs suffer $1.28 billion in weekly outflows.
Craig Cobb from The Grow Me Co joins Matt Diemer for his weekly technical analysis, examining Bitcoin's critical $74,000 support level, the breakdown in its weekly trend, and why the longer-term three-month chart could be signaling a potential market bottom.
Meanwhile, Nvidia CEO Jensen Huang faces an independent investigation into allegations involving a suspected Chinese intelligence operation. Matt examines why the potential national security implications matter far more than the personal scandal, and what the controversy could mean for America's AI infrastructure and the broader economy.
Plus, Polymarket faces questions about potentially informed election betting and a reported security breach, while the U.S. Treasury moves to cut MEXC Global off from the American financial system over $16 billion in alleged illicit transactions.
We also discuss Wall Street's growing interest in perpetual futures, Tuesday's inflation report, Federal Reserve expectations, and the cryptocurrency market levels investors should watch.
Craig Cobb: The Grow Me Co | X: @TraderCobb
Watch Craig's charts and subscribe: DailyCryptoNews.net
Happy Hodling!
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