This Bitcoin Dip Was Not Caused by FUD

<p><span style="font-weight: 400;">Today on the Brief:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Home sales up, home supply down</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Biden’s first test on the stimulus</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Euro pessimism </span></li> </ul> <p><span style="font-weight: 400;">Our main discussion: Why the bitcoin dip wasn’t caused by FUD. </span></p> <p><span style="font-weight: 400;">Anyone paying attention this week had reasons for frenetic worry. Janet Yellen’s comments on criminal activity. Persistent questions around Tether. A non-story about a double-spend that got amplified by mainstream media. </span></p> <p><span style="font-weight: 400;">In this episode, NLW argues that none of these actually explains the dip. Instead, he argues, they were used by sophisticated traders to amplify the dip’s impact. </span></p> <div data-pm-slice="1 1 []" data-en-clipboard="true">--</div> <div>Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io</div> <div>--</div> <div>Enjoying this content?</div> <div> </div> <div>SUBSCRIBE to the Podcast</div> <div>Apple:  <a href= "https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb" rev= "en_rl_none">https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb</a></div> <div>Spotify: <a href= "https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ" rev= "en_rl_none">https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ</a></div> <div>Google: <a href= "https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=" rev= "en_rl_none">https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=</a></div> <div> </div> <div>Follow on Twitter:</div> <div>NLW: <a href="https://twitter.com/nlw" rev= "en_rl_none">https://twitter.com/nlw</a></div> <div>Breakdown: <a href="https: