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MARKETS DAILY: A North Korean Conspiracy and Top Hacks of 2019
This time we're talking crypto and traditional market, an ethereum developer in hot water after alleged sanction busting, and a look at this years biggest exchange hacks.
Updated Dec 11, 2022, 7:28 p.m. Published Dec 2, 2019, 4:58 p.m.
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On today’s episode:
- Crypto & traditional markets update
- Bitcoin's doldrums and the market factors we're watching
- ETH developer Virgil Griffith arrested for alleged North Korean sanctions violation.
- Remembering 2019's biggest exchange hacks
Tune in as CoinDesk podcasts editor Adam B. Levine and senior markets reporter Brad Keoun run down recent action in the markets, interesting longer-term trends and some of the most important crypto industry developments of the day.
Any questions, comments or thoughts you'd like to share? Write to Markets Daily at [email protected]
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‘Bitcoin to zero’ searches spike in the U.S., but the bottom signal is mixed
Google Trends data shows the term hit a record high in the U.S. this month, though global interest has fallen since peaking in August.
Lo que debes saber:
- U.S. searches for “bitcoin zero” on Google hit a record high in February as BTC slid toward $60,000 after hitting a peak in October.
- In the rest of the world, searches for the term peaked in August, suggesting fear is concentrated in the U.S. rather than worldwide.
- Similar U.S. search spikes in 2021 and 2022 coincided with local bottoms.
- Because Google Trends measures relative interest on a 0-to-100 scale amid a much larger bitcoin user base today, the latest U.S. spike signals elevated retail anxiety, but does not reliably guarantee a clean contrarian reversal.
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