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• • Fuse

Bitcoin’s collapse is accelerating. Continuing a descent that began last week, the asset this week has lost all the price progress made under the Trump administration. The price action begs the question why amid greater adoption and support.

In this episode of Unchained, FalconX Head of Markets Joshua Lim highlights two main reasons for Bitcoin’s regression and offers his outlook for the year. Is it 2022 all over?

Plus, how gold’s run resembles GameStop in 2021 and why Hyperliquid is a bright spot amid market weakness.

Guest:

• • Joshua Lim, Head of Markets, FalconX
    • Previous appearances on Unchained:
      • BTC Broke ATHs, But Euphoria Has Not Peaked Yet: Bits + Bips
      • Why Bitcoin ETF Options Could Unlock Crypto’s Next Bull Run

Links:

• • Unchained:
    • Bitcoin Sinks as Markets Price In a More Hawkish Fed
    • Has Bitcoin Failed to Live Up to the Digital Gold Narrative?
    • Why HYPE Is Up While Every Other Crypto, Including Bitcoin, Is Down