Raoul Pal: The Journey Man
Shorts Get Squeezed as Crypto Rallies
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Bitcoin, Ethereum, and other top 10 cryptocurrencies are finally enjoying positive price action after weeks of consolidation. According to data from Coinalyze, liquidations of shorts at a scale not seen in more than a year may have contributed to a violent squeeze. At the top of today’s Real Vision Crypto Daily Briefing, Nico Brugge and Marco Olivera talk about what’s driving the rally and whether it has legs. Nico and Marco also discuss U.K. lawmakers’ vote to regulate digital assets like traditional financial assets, Singapore’s crypto-unfriendly turn, and Western Union’s crypto ambitions. And, later, CryptoWeatherMan joins the conversation with additional insights on what’s happening in the market right now, with an emphasis on the ever-volatile micro-cap sub-sector.
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