The Daily Wolf | Bitcoin dropped back to its pre-election price
From The Daily Wolf with Scott Melker, live weekdays at 12pm ET on Yahoo Finance. The Nasdaq fell 5.5% on Thursday, its worst day in about nineteen months, and Bitcoin gave back everything it gained after the midterms. Scott Melker walks through the liquidations, the ETF outflows, and why he thinks Bitcoin is still outperforming. Samsung Wallet switched on a USDC account on Solana for roughly 82 million US Galaxy devices. Trump Media moved 4,259 Bitcoin to Crypto.com, which is not the same as selling it. The White House began reviewing an SEC draft on crypto broker-dealers. And one wallet permission let the Binance attackers take $2.5 billion in a single transaction. Timestamps0:00 Bitcoin erases its post-election bounce as markets sell off1:25 More than $1 billion in liquidations and 211,000 traders2:24 Why fears about AI regulation triggered the worst day since April4:24 The Nasdaq, the S&P and the semiconductor index by the numbers5:43 October payrolls come in hot and December hike odds rise6:26 Why Scott thinks Bitcoin is still outperforming7:13 Trump Media moves 4,259 Bitcoin to Crypto.com8:22 The White House reviews an SEC crypto broker-dealer draft9:41 Samsung Wallet adds a USDC account on Solana11:54 Zcash activates NU7 and cuts block times to 25 seconds13:03 How one wallet permission moved $2.5 billion out of Binance #Bitcoin #Crypto #Nasdaq #Samsung #Binance #DailyWolf #YahooFinance Watch every episode on Yahoo Finance: https://finance.yahoo.com/videos/series/daily-wolf/ If you enjoyed this episode, follow the show and leave a rating. It helps more than you know. Follow Scott Melker:Watch on YouTube: https://www.youtube.com/@ScottMelkerFollow Scott on X: https://x.com/scottmelkerThe Wolf Den newsletter: https://thewolfden.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices