Bitcoin printed its biggest hourly candle in history today, an extended long wick with some serious buying volume of a whopping $10,000 crash (00:59). Austin suggested Bitcoin could go into consolidation mode as a result of the 18% dip which has broken the market structure (1:28).
Austin thinks Elon Musk might be getting into Ethereum referencing Elon tweet in reply to Peter Schiff a few days ago where he said “BTC and ETH do seem high, lol” in comparison to a very similar tweet of his in May 2020 where he said “Tesla stock is too high imo” (5:06).
Elon Musk has been doing Tesla stocks buybacks and the tweet in May 2020 promoted a market sell off which has since done a 5x.
Austin says many believe Elon might be getting into Cardano as well after he changed his Twitter profile picture to an image of a fork in the road. The purpose section of Discover Cardano on their official website describes Cardano “a fork in the road. It takes us from where we’ve been to where we’re destined to go: a global society that is secure, transparent, and fair, and which serves the many as well as the few” (6:56)
Goldman Sachs, ICAP, JPMorgan, and UBS acquisition of first exchange-traded product (ETP) featured in the altcoin news (8:03). The ETP offers exposure to Polkadot’s DOT cryptocurrency for clients, according to Bloomberg terminal data reviewed by CoinDesk.
More from altcoin news, MoneyGram will no longer use Ripple’s XRP based liquidity product due to the uncertainty surrounding the crypto asset (8:52), NFTs and Crypto collectibles are getting huge, the spread of blockchain based soccer fan tokens across Europe continued as Poland most successful football club, Legia Warsaw joins 21 European football giants to have created fan tokens on socios platform (11:10).
Thousands of people are trading the NFT-based basketball trading cards as NBA Top Shots sees $32 million of trading volume in a day (12:04).
This episode premiered on February 23rd, 2021.