Markets Melting! Is Crypto Dead? Bear or Bull Trap? Last Week Crypto

This is another episode of a weekly cryptocurrency news series called Last Week Crypto.

We cover the latest global news stories affecting the cryptocurrency markets May 16th through the 22nd of 2023.

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======== VIDEO SUMMARY ========

This week we will discuss reasons for the monster dip, including China FUD, regulatory FUD, and the mass liquidations that sent the market into a tailspin, who’s buying crypto, and why this event may actually have been a big win for crypto in the long run.

00:00 – Introduction
00:44 – Crypto.com
01:10 – Wednesday AMA
01:57 – Market Movements
02:20 – China bans financial institutions from crypto
03:01 – China Hammers Bitcoin with Miner Crackdown
03:35 – Hong Kong to restrict crypto exchanges
04:04 – China Reiterates Bans from 2013 and 2017
04:50 – Centralised Authoritarian Gov doesn’t like Bitcoin
04:47 – China Bitcoin Ban Chart
05:13 – SEC chair Gensler says agency will enforce new rules
06:26 – New OCC head requests review of crypto rules
07:32 – US wants crypto transfers over $10k reported to IRS
08:40 – US Fed, OCC, FDIC to set up team for crypto
09:00 – Stock Market Dip
09:09 – Elon Musk Tweets
09:40 – Crypto Will Become Immune to Elon
10:12 – BlockFi Credits Users with too much Bitcoin
10:55 – Crypto meltdown turbocharged by leverage
13:06 – Buy a Hardware Wallet ASAP!
13:25 – Protect Your Ability to Generate Income
13:42 – Crypto Hedge Funds Buy the Dip
13:57 – Institutional Bitcoin Buying Spiked during Crash
14:41 – Whales Manipulate News Articles
15:08 – Lessons from 2017 Bull Cycle
15:26 – Traditional Market Experts Bullish on Bitcoin
17:01 – Bullish Charts
18:30 – Why Bitcoin Crash Was a Big Win for Crypto
19:47 – DeFi didn’t go down
20:59 – Outro

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