EPISODE · Aug 6, 2024 · 35 MIN
Crypto Carnage as Japan Shocks Markets: Bitcoin Dives, Vitalik Faces Backlash, and SAG-AFTRA Battles AI
from RARE BITS · host beatbroker
The crypto market reels from a massive sell-off triggered by the Bank of Japan's unexpected rate hike, with Bitcoin plummeting below $50,000 and the total market cap dipping under $2 trillion. Amidst the chaos, Vitalik Buterin faces criticism for his ill-timed Layer 2 post, while SAG-AFTRA continues its strike over AI concerns. Despite the downturn, Ark Invest seizes the opportunity to buy $17.8 million in Coinbase shares. NFT collections like Sorare and DogeZuki show resilience, and analysts eye a potential Bitcoin surge at the $56,000 mark. Meanwhile, X tests a controversial feature hiding engagement metrics, and the crypto community braces for Bitcoin's looming "death cross." HOW CAN SUPPORT? SUBSCRIBE: RARE BITS PODCAST WATCH: RAREBITS LIVE YOUTUBE READ: RARE BITS SUBSTACK Follow on X: BEATBROKER RARE BITS LIVE GET SOME MERCH RARE BITS GEAR:RARE BITS MERCH
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Crypto Carnage as Japan Shocks Markets: Bitcoin Dives, Vitalik Faces Backlash, and SAG-AFTRA Battles AI
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