Crypto Update | Bitcoin Tumbles Below $26K

The latest price moves in crypto markets in context for August 18, 2023. Today's episode is sponsored by Kraken Pro. Today's Stories: First Mover Americas: Bitcoin Tumbles Below $26.5K Crypto Traders Suffer $1B in Liquidations in Sharp Sell-Off for Bitcoin, Ether  Bitcoin Perpetual Funding Rates Crash as Price Slide Puts Short Volatility Bets at Risk No, SpaceX Isn't the Cause of This Multi-Billion Dollar Bitcoin Bloodbath  SEC Can Try to Appeal Groundbreaking XRP Ruling, Judge Rules  - From our sponsors: Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto. It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface. Head to pro.kraken.com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax. - This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.