Bitcoin crashes below $70,000, reaching the $68,000 range as nearly $1.5 billion in leveraged cryptocurrency positions are reportedly liquidated. Ethereum falls below $2,000, Bitcoin ETFs continue seeing outflows, and the Crypto Fear & Greed Index drops to 20.
Matt Diemer examines whether Bitcoin is finally entering a deeper bear market and what the latest sell-off could mean for investors.
Meanwhile, reports about Nvidia CEO Jensen Huang's future raise questions about leadership, innovation, and whether Nvidia could face the same challenges Apple experienced after Steve Jobs. Matt also explores Anthropic's rumored $1.4 trillion IPO, Tesla and SpaceX valuations, and the national-security risks of relying on privately controlled technology infrastructure.
Plus, Polymarket and Kalshi compete for prediction-market dominance, Washington prepares for new SEC and CFTC appointments, and reports of North Korean cryptocurrency thefts and AI-assisted cyberattacks highlight the industry's security challenges.
Also in today's episode: Daily Crypto News announces its upcoming $5/month ad-free podcast and newsletter subscription. The regular ad-supported podcast will remain available.
Subscribe and read more at https://dailycryptonews.net
Happy Hodling!
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