This episode is sponsored by NYDIG.
Today on โThe Breakdown,โ NLW looks at the dramatic move downward in the crypto markets that started late Friday night U.S. time. He looks at both market structure factors such as low liquidity and thin weekend order books as well as macro factors including, insecurity around the new Omicron variant as well as a tightening Fed policy.
See also: Bitcoin Stabilizes Near $50K Support After Weekend Sell-Off
โThe Breakdownโ is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is โCountdownโ by Neon Beach. The music you heard today behind our sponsor is โDark Crazed Capโ by Isaac Joel. Image credit: iNueng/iStock/Getty Images Plus, modified by CoinDesk.