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

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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 2021.


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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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