Crypto Plunges as Lender Celsius Freezes Withdrawals

The video discusses the current state of digital assets, focusing on Bitcoin's price drop to its lowest since December 2020. Mike McGlone from Bloomberg Intelligence provides insights into market trends, highlighting the high beta nature of cryptocurrencies. He predicts key levels for Bitcoin and Ethereum and discusses the transition from inflation to deflation, emphasizing the broader impact on all assets.

What is the current price of Bitcoin mentioned in the text?

According to Mike Mcglone, what are the key levels for Bitcoin and Ethereum?

What significant change does Bitcoin indicate according to the text?

What does Mike Mcglone suggest about the nature of inflation?

What does the text imply about the future of deflation in the market?