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Home > The Breakdown > Understanding Bitcoin's Blistering Rise Past $30,000
Podcast: The Breakdown
Episode:

Understanding Bitcoin's Blistering Rise Past $30,000
Category: Business
Duration: 00:13:54
Publish Date: 2021-01-05 02:00:00
Description:

The end of December was a momentous time in bitcoin’s history. Not content to clear the psychological barrier of $20,000, bitcoin’s price smashed up almost all the way to $30,000, although it would take the turn to the new year to hit that new high-water mark. 

In this episode, NLW looks at interpretations of why bitcoin is rising, why it dipped today and what analysts and investors think will happen next. This analysis includes:

  • Evidence of institutional FOMO including a rise in bitcoin whale addresses
  • Massive outflows from Coinbase Pro over the weekend 
  • The impact of derivatives liquidations that occurred Monday morning 
  • Commentary from OTC desks on Q1 2021 possibilities
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