Description
Bitcoin just hit its lowest level since August, dropping to about $73,500, and more than $1 billion of leveraged positions were wiped out in a single day. At the same time the US money supply just hit a record $23.41 trillion, growing at its fastest pace since 2022. Here's why the drop happened, why it has nothing to do with the long-term picture, and why the money printer is exactly what Bitcoin was built for.
Also in this video: Senator Blumenthal's January 4 deadline for Binance, Tether and Trump-linked crypto firms, a former FBI agent who pleaded guilty to stealing $2.47 million in crypto from FBI cases, and the fight over a $1.5 trillion military budget.
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In this video
00:00 Bitcoin drops, $1B+ liquidated
01:19 Blumenthal's January 4 deadline for Binance, Tether and Trump crypto
02:16 Ex-FBI agent pleads guilty to stealing $2.47M in crypto
02:37 US money supply hits a record $23.41 trillion
04:08 Trump's $1.5 trillion military budget
05:02 Don't freak out: what Bitcoin was built for
Data as of 9 November 2026. Sources: CoinGlass, Binance, Federal Reserve H.6, Decrypt, investingLive, Yahoo News.
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Learning Crypto is run by Heidi and Toby, who have covered Bitcoin and self-custody on this channel since 2016. Nothing here is financial advice and we are not licensed advisors. Markets are volatile, do your own research, and never invest more than you can afford to lose. We will never message you first on any platform; anyone who does is not us.
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