BREAKDOWN: Why Bitcoin Rallied 11% on Wednesday

Was it related to ordinals, global liquidity conditions or something else entirely?

In this episode of “The Breakdown,” NLW examines the various explanations for Wednesday's 11% increase in BTC’s price, including:

Market structureGlobal liquidity conditionsStablecoin concerns OrdinalsDebt ceiling debatesThe Asian bid 

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“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Prasong Maulae/Getty Images, modified by CoinDesk. 

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