Did This Bitcoin Cycle’s FUD Phase Just Begin? – CoinDesk

CoinDesk

As the price crashes more than 20% in 24 hours, NLW describes the “wall of worry” around regulation that might characterize this cycle’s FUD.

This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.

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Today on the brief:

  • Trump ejected from social media
  • Bakkt confirms plans to go public via SPAC
  • NYDIG buys Digital Assets Data

Our main discussion: Are we at the beginning of a new bitcoin FUD cycle?

In this episode, NLW looks at:

  • What happened with bitcoin’s big price crash
  • How the crypto community is reacting to the dip
  • New regulatory FUD out of the U.K.
  • Why regulatory issues are likely to be this bull market’s “wall of worry”

See also: Bitcoin Plummets as Miners Sell Inventory, Spot Markets Panic

Image credit: Nathan Stirk/Getty Images News

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Author: Nathaniel Whittemore


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