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Crypto News 05/17 | Moody’s Downgrade Selloff, Trump Memecoin Frenzy, CFTC Authority Expansion (2025)
Manage episode 483355825 series 3603843
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This podcast episode looks at the key events in the crypto and US stock markets on May 17, 2025.
We discuss how scandals affected trust in the crypto market.
We also cover the sell-off caused by Fitch lowering the US credit rating.
Selling pressure from large Bitcoin holders was a factor.
The Federal Reserve added money to the system.
The episode talks about the political effects of the meme coin issued by Trump.
We highlight how the Consensus conference focused on rules and big company adoption.
We explore how the future of Ethereum depends on decisions about ETFs and staking.
In the global economy and policy part, we look at how trade deals between the US and China boosted markets.
Trump's Middle East investment deal also helped market sentiment.
We examine the link between the Nasdaq stock index and Bitcoin.
We also cover the impact of the SEC making rules for showing CEO pay less strict.
The episode mentions the crypto bull market sped up because stock markets rose.
Big money entering the crypto space also helped.
A new bill in Congress might give the CFTC more power over where crypto is bought and sold directly.
We discuss the potential for Bitcoin price increases as selling pressure from large holders decreased.
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