Bearish or Bullish? What Oil, Defi Hacks and Cash Hoarding Tell Us About Markets

As economic confusion accelerates, NLW breaks down what in the recent news is bullish and what is bearish for bitcoin and the crypto community.

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It’s hard to look at recent news from both crypto and traditional markets and not feel like we’re getting mixed signals. Stocks have been recovering but oil is hitting historic lows. DeFi suffers a major hack over the weekend, but Coinbase sees a major spike in $1,200 transactions right as $1,200 stimulus checks hit. Cash hoarding is giving a pretense for eliminating privacy-preserving money, but one of the world’s most successful hedge funds has authorized investment in bitcoin futures. 

On today’s episode of The Breakdown, NLW separates bullish from bearish signals for the strange in-between times. 

See also: Bitcoin’s Bull Case Strengthens After Breaching Price Hurdle at $7.1K

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.