What Drove Bitcoin's Dip Under $60K

<p><em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://nydig.com/nlw/?utm_source=coindesk&utm_medium=podcast&utm_campaign=nlw"> <em><span style= "font-weight: 400;">NYDIG</span></em></a><em><span style= "font-weight: 400;">.</span></em></p> <p><span style="font-weight: 400;">Bitcoin has been on a journey over the last 24 hours, from nearly $65,000 all the way down to $58,000 and everywhere in between. On today’s episode, NLW explores what’s driving it, including: </span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Leveraged traders left over from last week’s all-time high</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Twitter CFO saying no investments in crypto</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">President Biden signing the U.S. infrastructure bill with crypto broker redefinition </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Inflation questions</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Federal Reserve leadership questions </span></li> </ul> <p><span style="font-weight: 400;">Finally, he points to Marathon’s offering of a half billion dollars in debt to buy more BTC and rigs as a counter-indicator. </span></p> <p><a href= "https://nydig.com/nlw/?utm_source=coindesk&utm_medium=podcast&utm_campaign=nlw"> <strong><em>NYDIG</em></strong></a><em><span style= "font-weight: 400;">, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at</span></em> <a href= "https://nydig.com/nlw/?utm_source=coindesk&utm_medium=podcast&utm_campaign=nlw"> <em><span style= "font-weight: 400;">NYDIG.com/NLW</span></em></a><em><span style= "font-weight: 400;">.</span></em></p> <div data-pm-slice="1 1 []" data-en-clipboard="true">Enjoyi