The Block’s Editor-In-Chief Tim Copeland was joined by four leading experts to discuss the recent sell-off in both crypto and traditional markets while on the inaugural episode of the Block’s new podcast, “The Crypto Beat.”

Speaking on Bitcoin’s price at the time of recording, Fisher8 Capital Founder and CIO Hedgedhog said the most relevant fact is that “BTC has traded above 55k for months on end, and now it’s below that,” and conceded that a variety of factors and narratives are contributing to an overall shaky market.

Hedgedhog added that if Bitcoin showed itself capable of surmounting the supply and rising above price levels currently capping it, it would be very bullish for the overall crypto market.

“The only thing that's certain is volatility… it's also tough to pick a direction, …