Last Week in Crypto – US Deficit Up 100X to $863B (BTC’s Secret Ally?)

Cryptocurrency for Beginners: with Crypto Casey

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Show Notes

This is the first episode of a weekly cryptocurrency news series called Last Week in Crypto.

We cover the latest global news stories affecting the cryptocurrency markets July 5th through 10th of 2020.

To check out the links to all of the articles we discuss, go to


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Dogecoin’s trading volume surged over 683% after popular TikTok influencer James Galante challenged his followers to buy Dogecoin in an attempt to pump the price to $1 per coin so they could “all get rich.”

Argentina had a record-setting Bitcoin volume of 101 million Argentine pesos, which is roughly $1.4 million USD.

We saw the US Budget Deficit hit a record $863 billion in June, which is a 100X increase from just a year ago.

Gold hit a 9-year high supported by the prospect of a lengthy period of government stimulus to support economies harmed by the Covid crisis.

Coinbase started plans for a stock market listing that could come as early as this year, making it the first major US cryptocurrency exchange to go public.


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