Week in review: Jan. 29, 2021 – The Big Short in Real Life

Written by Robby Ramos
on January 29, 2021

Bitcoin, GameStop, and the Price of Taking on Wall Street

Decrypt: January 26, 2021

GameStop’s stock price is continuing to break records thanks to small investors. Wall Street investors don’t necessarily like that.

SEC reviewing recent trading volatility amid GameStop frenzy, vows to protect ‘retail investors’

CNBC: January 29, 2021

The Securities and Exchange Commission said that it is reviewing the trading volatility that has led to a meteoric rise in GameStop and AMC Entertainment.

How Joe Biden’s Picks for SEC, Treasury Will Impact Crypto

Decrypt: January 26, 2021

Following Biden’s inauguration, there will be an array of new faces in Washington, including several who will have oversight of the crypto markets, including Gary Gensler and Janet Yellen.

SEC reviewing recent trading volatility amid GameStop frenzy, vows to protect ‘retail investors’

CoinDesk: January 25, 2021

According to two sources familiar with the situation, Harvard, Yale, Brown and the University of Michigan as well as several other colleges have been buying crypto directly on exchanges.

Grayscale is buying BTC 54% faster than it is mined so far in 2021

CoinTelegraph: January 28, 2021

Digital asset manager Grayscale is showing little signs of slowing down its Bitcoin accumulation, adding around 40,000 BTC to its stash since January 13. That’s around $1.36 billion worth of Bitcoin in just 16 days.

Elon Musk-Prompted Bitcoin Price Surge Causes Liquidation of $387M in Shorts

CoinDesk: January 29, 2021

Bitcoin’s latest over 10% price rise – which came after Elon Musk added “Bitcoin” to his Twitter bio – has forced out a ton of selling pressure from the derivatives market.

Bitcoin Briefly Dips Below $30K, Dollar Bounces Ahead of Fed Reserve Rate Announcement

CoinDesk: January 28, 2021

Bitcoin and global equities are trading lower, while the anti-risk U.S. dollar is climbing ahead of a U.S. Federal Reserve meeting later today that may inject volatility into financial markets.

Bitcoin price rises as second-biggest cryptocurrency Ether hits all-time high

CNBC: January 25, 2021

Bitcoin’s price rose on Monday after a brutal sell-off that saw the virtual currency briefly dip below $30,000. Meanwhile, ether — the world’s second-biggest cryptocurrency — hit a fresh record high.

Robby Ramos

Robby Ramos

Director of Digital Marketing | Bridging the gap between digital assets and financial institutions.