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Week Ahead: What’s Next for El Salvador’s Bitcoin Law With Lightning Network Playing Big Role
CoinDesk’s Tech Managing Editor Christie Harkin and Markets Managing Editor Brad Keoun discusses what’s to come next week in the world of bitcoin as the price of BTC consolidates and El Salvador has officially rolled out its Bitcoin Law with the Lightning Network playing a critical role.

What Caused This Week's Flash Crash?
The Week in Review panel for "All About Bitcoin" discusses the potential catalyst for this week's crypto markets flash crash. Plus, taking a look at this past week's stories making waves in the cryptocurrency space: BTC mining difficulty is recovering, node adoption for Taproot has gone over 50%, and the SEC is cracking down on Coinbase.

El Salvador Already Bought 550 BTC
El Salvador is on a bitcoin buying spree, having purchased 550 BTC as the Central American country’s bitcoin law went into effect Tuesday, officially adopting bitcoin as legal tender. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

CipherTrace CEO on Acquisition by Mastercard
Payments giant Mastercard has bought CipherTrace, a firm that scans blockchains for illicit transactions, to expand its crypto capabilities. CipherTrace CEO Dave Jevans discusses insights into the surprise acquisition following a $27 million raise in June. "We saw a real synergy to bring these two companies together to bring crypto to the mainstream," Jevans said. Plus, his take on crypto's privacy and security concerns.

Where Is Bitcoin Headed?
A new bitcoin four-hour price chart reveals the relative strength index (RSI) is oversold, which typically precedes a price bounce. However, the RSI is neutral on the daily and weekly chart, suggesting a period of consolidation between $42,000 support and $50,000 resistance could persist.

What Triggered This Week's Market Correction?
Messari research analyst Aidan Mott discusses the potential catalyst behind this week's market correction, explaining why his outlook for bitcoin remains positive despite recent "rapid cascading liquidations" across the crypto markets. "We're seeing a healthy rebound into more normal territories," Mott said. Plus, insights into institutional activity.

Crypto Futures Saw Record $10B Worth of Liquidations Sunday
Forced closure of long positions or bullish trades accounted for over $3 billion, or over 90% of total liquidations Tuesday, which shows the leverage was excessively skewed bullish across the board. Liquidations happen when trades cannot fulfill margin requirements for holding long/short positions and often exacerbate bullish/bearish moves.

What’s Behind the Record Crypto Futures Liquidations?
The crypto futures market saw the highest number of liquidations in history Sunday as the sudden bitcoin price pullback caught overleveraged traders off guard. CoinDesk’s Galen Moore discusses the potential factors that caused market-wide liquidations and the outlook for bitcoin.

Panama Congressman on Introducing Crypto Payments Bill
Panamanian opposition politician Gabriel Silva is introducing a bill to regulate the use of cryptocurrencies throughout the country. The proposed bill would recognize bitcoin as a national alternative payment method. Silva joined "All About Bitcoin" to share insights into his mission and vision. "We hope this bill will put Panama in the center of Americas," Silva said. Cuanto CEO Felipe Echandi also discusses how this bill differs from El Salvador's Bitcoin Law and how it could impact the global economy.

‘Mixed Picture’ in El Salvador as Bitcoin Becomes Legal Tender
El Salvador became the first country in the world to adopt bitcoin as legal tender on Tuesday, despite widespread local skepticism. Peter McCormack, host of the popular podcast “What Bitcoin Did,” discusses the possible outlook and impact of the Bitcoin Law rollout amid “very mixed” sentiments from Salvadorans.
