The Bitcoin Street Journal Bitcoin Market Update Episode 33 Week 25

Welcome to The Bitcoin Street Journal, your go-to podcast for daily live updates on the world of bitcoin markets. With current live bitcoin technical analysis, up-to-date information on Bitcoin (BTC) price, market capitalization, and market supply, you'll always be in the know on the latest happenings in the ever-evolving world of cryptocurrency. Be sure to hit the subscribe button to stay informed and never miss an episode! In today's episode, we'll cover various topics related to the world of finance and cryptocurrency, including how climate change affects inflation lolz, news on Bitcoin outperforming tech equities, German central bank risking bailout, HSBC Hong Kong allowing ETFs for trading BTC and ether, job cuts at Robinhood, SEC's impact on Solana, Polygon, and Cardano, Apple removing Bitcoin tipping service, Circle CEO being optimistic about Bitcoin ETF approval, Gemini cofounder's warning about the limited window to buy BTC before ETF floodgates close, and much more.Did you know that climate change has an impact on inflation? Christine Lagarde, the President of the European Central Bank, recently shared her unique understanding of economics that explains how climate change affects inflation. BRRRRR.In other news, Bitcoin's correlation with the tech-heavy Nasdaq 100 decreased to just 3% in June, the lowest level seen in almost three years. Despite that, Bitcoin outperformed tech equities and jumped nearly 14% this month, while the Nasdaq 100 was up only 3%. Interestingly, Bitcoin's correlation with traditional risk assets has steadily decreased this year from an average of 60% in 2022.On another note, the German central bank, Bundesbank, may require a bailout to cover the losses it incurred after participating in the European Central Bank's bond-buying program. The federal auditor has warned of the potential setback that could lead to the program's downfall.In Hong Kong, HSBC now allows customers to trade Bitcoin and ether ETFs listed on the city's stock exchange. This development comes after the Bitcoin ETF $BITO received its largest weekly inflow in a year, and now has $1 billion in assets. This bullish sentiment is undoubtedly growing.Unfortunately, Robinhood had to cut staff again as its trading volume and engagement dwindled. Meanwhile, Bitcoin Cash exploded 100% weekly, while BTC looks for direction in the market.In addition to market news, Bybit received a preparatory license from Dubai's Virtual Assets Regulatory Authority. However, FTX is currently under fire after the CEO of the cryptocurrency exchange claimed that the firm had been misusing customer funds since its inception.Looking at the cryptocurrency industry as a whole, popular analyst @tedtalksmacro pointed out an intriguing correlation between China's quantitative easing and the rise in total market capitalization of cryptocurrencies. Additionally, the liquidity injection by the People's Bank of China in early 2020 seems to correlate with the macro bottom of Bitcoin's price. It appears that the current injection of cheap cash will follow right after the bottom of the preceding bear market. That's a wrap on today's cryptocurrency update.We've got a lot to cover in today's podcast episode, with plenty of news and updates to catch up on. First up, it looks like Bitcoin tipping service, Damus, has been booted from the Apple App Store. Despite their attempts at clarification, the app was finally removed, leaving many surprised and disappointed.In other news, you may have heard about Nodeless, the non-KYC Bitcoin Lightning Processor that Jack Dorsey recently tweeted about. Essentially, it makes it possible to accept Lightning payments without the need for Know-Your-Customer requirements.