How Crypto Markets Are Reacting Post-Selloff, With Election/Fed Uncertainty Ahead

Jason Pagoulatos, head of markets at Delphi Digital, explains why crypto markets rebounded quickly from the rout this week, why ETH has underperformed BTC and SOL in 2024, and how Fed and election uncertainty might affect crypto.

Aug 9, 2024

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After the unwinding of the Japan carry trade, the weak jobs report, and Jump’s dumping of ETH slammed crypto prices earlier this week, Jason Pagoulatos, head of markets at Delphi Digital, gives his insights on where prices are headed. He explains why he thinks Ethereum has underperformed so far in 2024, how the ETH ETFs might impact the price as outflows from Grayscale’s ETHE dwindle, and how the election, moves by the Fed, and the adoption of Bitcoin ETFs by Morgan Stanley advisors will affect BTC.

Show highlights:

Why the markets have rebounded since the weekend selloff
The role of Jump in the ETH selloff and why ETH has been underperforming so much this year
Whether Grayscale’s ETHE slowing down the outflows will reverse the trend for ETH
Why Jason believes that investment advisors will continue to push bitcoin to their clients
How the macroeconomic environment is affecting crypto prices now and the impact in the near future

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Guest

Jason Pagoulatos, head of markets at Delphi Digital

Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk.

HOST

Laura Shin

Laura Shin is a crypto journalist, host of the Unchained podcast, and author of “The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze” (Public Affairs, 2022). Formerly a senior editor at Forbes, she was the first mainstream journalist to cover crypto full-time, and her podcasts and videos have had more than 15 million downloads and views. Shin has spoken about cryptocurrency at places such as TEDx San Francisco, the International Monetary Fund, Singularity University and the Oslo Freedom Forum.

She graduated Phi Beta Kappa with Honors from Stanford University and has a master of arts from Columbia University’s School of Journalism. She lives in New York City.