Listen to today’s podcast: https://www.youtube.com/channel/UC-nqwUyvLDEvs7bV985k-gQ
Bitcoin/Crypto Daily Podcast 12/03/2025
Today’s podcast episode was created from the following stories:
4 reasons why bitcoin is slogging through an epic plunge
Source: Business Insider | By: Joe Ciolli | Date: Dec 2, 2025
Bitcoin’s slide has turned into a multi-factor selloff: a broader risk-off mood and October’s $19B crypto deleveraging hangover, rising concern over the yen carry trade as Japan signals rate hikes, fewer retail dip buyers, and fears of forced selling from Strategy if its mNAV slips. The mix has stalled bitcoin’s typical snap-back rallies and, as Deutsche Bank notes, today’s downturn reflects deeper institutional and macro linkages than past, retail-driven crashes.
Crypto Markets Today: Risk-Off Mood Persists as Altcoins Extend Losses
Source: CoinDesk | By: Oliver Knight, Omkar Godbole (Edited by Sheldon Reback) | Date: Dec 2, 2025
Markets remain in “extreme fear” as bitcoin retraced last week’s gains and altcoins—especially privacy coins like ZEC, XMR, and DASH—led declines. Derivatives positioning turned defensive: futures open interest fell across majors, futures basis hit cycle lows, and option flows skewed bearish, while SKY bucked the trend on buyback buzz and growing USDS stablecoin interest.
Bitcoin, Crypto Plunge Accelerates as Leveraged Players (“Treasuries”) Like Strategy Dump Holdings
Source: Naked Capitalism | By: Yves Smith | Date: Dec 2, 2025
Leverage is the accelerant: as prices fall, crypto “treasury” models face mounting pressure, with Strategy establishing a $1.44B dollar reserve and warning on potential mNAV-triggered selling. Broader stressors—China’s renewed crackdown, growing market linkages, and October’s massive wipeout—underscore how institutionalization has widened the blast radius of crypto downturns.
Bank of America Greenlights Wealth Advisers to Recommend Up to 4% Bitcoin Allocation
Source: CoinDesk | By: Olivier Acuna | Date: Dec 2, 2025
Starting in January, BofA/Merrill advisers can recommend a 1%–4% allocation to digital assets via leading spot bitcoin ETFs, marking a notable shift in mainstream wealth management. The move follows Vanguard’s policy reversal and aligns BofA with peers, increasing pressure on remaining holdouts while normalizing crypto as a portfolio sleeve for volatility-tolerant clients.
Bitcoin May Dump to $65K or Below, Spelling Trouble for ETH, XRP, ADA and Other Majors
Source: CoinDesk | By: Shaurya Malwa | Date: Dec 2, 2025
Thin liquidity and anxiety over a possible MSCI reclassification that excludes crypto-heavy balance sheets have traders eyeing a move toward $65K if bitcoin decisively loses ~$80.5K support. The potential for index-driven, forced flows adds structural risk to a market already digesting leverage reduction and macro jitters, with majors lagging alongside BTC.
Swiss Illegal Cryptocurrency Mixing Service Shut Down
Source: Slashdot | By: Unknown | Date: Not provided
Swiss authorities shut down an illegal crypto mixing service, signaling ongoing enforcement pressure on privacy-enhancing tools. The action highlights continued regulatory focus on anti-money laundering controls and could further chill demand for mixers amid broader privacy coin weakness.
Strategy Gains Nearly 20% From Monday Low as Bear Gloating Suggests at Least Temporary Bottom
Source: CoinDesk | By: James Van Straten | Date: Dec 2, 2025
After intense criticism and “victory laps” from long-time detractors, Strategy bounced roughly 18% off panic lows, with bitcoin reclaiming $90K intraday. The surge reflects classic contrarian sentiment dynamics, though whether it marks a durable bottom remains uncertain given macro and structural headwinds.
Peter Schiff Says Michael Saylor Strategy-Bitcoin Model Is ‘Fraud’ And MSTR Is ‘Broken’
Source: Yahoo Finance | By: Unknown | Date: Not provided
Peter Schiff amplified criticism of Strategy’s leveraged bitcoin strategy, calling the model fraudulent and the stock “broken.” The comments capture a growing chorus of skepticism around equity-based bitcoin exposure as the market digests heightened volatility and tighter liquidity.
Strategy Trading Explodes to Highest in a Year as Shares Fall on Dollar Reserve, Profit Forecast
Source: CoinDesk | By: Omkar Godbole | Date: Dec 2, 2025
Strategy’s trading volume spiked to the highest since Dec 2024 as shares dipped following a new $1.44B reserve for dividends and interest and a wide full-year profit outlook. With 650,000 BTC on its balance sheet, the firm’s actions underscore how equity financing, preferred payouts, and debt interact with bitcoin’s drawdown.
Goldman’s $2B ETF Issuer Takeover Is Both a Blessing and a Curse for Crypto
Source: CoinDesk | By: Olivier Acuna | Date: Dec 2, 2025
Goldman Sachs’ $2B purchase of Innovator Capital deepens its ETF footprint—and potentially its crypto distribution channels—mirroring BlackRock’s success with spot bitcoin products. While Wall Street’s embrace boosts access and legitimacy, critics warn it dilutes crypto’s self-custody ethos, making ETFs an on-ramp rather than the destination for adoption.
