WATCH LIVE: Experts discuss the crypto market crash on The Crypto Beat

Quick Take

The Block’s newest episode of The Crypto Beat discusses the crypto market meltdown with GSR, Split Capital, Fisher8 Capital and FalconX.

Monday saw a large-scale drop in the cryptocurrency market, with the industry's market capitalization experiencing the largest drop since January 2022.

The top two cryptocurrencies by market capitalization also saw their prices plunge in the last 24 hours. Bitcoin fell below $50,000, and ether traded under $2,200. U.S. spot bitcoin exchange-traded funds (ETFs) saw $237 million in outflows on Friday, marking the second-highest outflow since May 1 and fourth highest daily net outflow overall.

More broadly, experts asked the United States Federal Reserve to cut interest rates to avoid a potential recession.

The Block's podcast The Crypto Beat welcomes Split Capital founder and CIO Zaheer Ebtikar, Fisher8 Capital founder and CIO HedgedHog, and FalconX Head of Research David Lawant and GSR Co-CEO and Co-Founder Rich Rosenblum to discuss the market meltdown.

Watch on Twitch, X live and YouTube.

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