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Understanding the Current State of Crypto Markets with Joe McCann

In a recent episode of Markets Daily, host Jen Senassie spoke with Joe McCann, founder and CEO of Asymmetric, to delve into the complex landscape of cryptocurrency markets. Their discussion centered on market volatility, the potential impact of regulatory changes, and the sociocultural factors driving investor behavior.

Navigating Market Volatility

At the outset, McCann noted that the crypto markets were under pressure following a sell-off that began shortly after equities opened the previous day. He explained that market makers had largely disappeared, leading to what he described as “paper-thin” order books, which resulted in extreme volatility and significant liquidations across the board.