Is Bitcoin Safe in a Market Crash? Look to Gold for Signs, Feat. Delphi Digital's Kevin Kelly
What’s happening in stock markets, bond markets and beyond, and what it might mean in the short and long term for the crypto community.

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Bitcoin’s
On this episode of The Breakdown, @nlw is joined by Delphi Digital’s Kevin Kelly to discuss:
- Why the stock market is just catching up to what the bond markets have been saying
- Why the bond markets have been a better reflection of potential economic pain
- Why we need to pay attention to what happens in the credit markets
- The role of the oil price war in today’s market drop
- What the declining bitcoin price means for the safe haven and uncorrelated asset narratives
- Which assets are actually acting like safe havens
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.
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Protocol Research: GoPlus Security

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- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Bitcoin Plunges Below $90K as AI Worries Drag Nasdaq, Crypto Stocks Down

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What to know:
- Bitcoin drops below $90,000 as ongoing AI related jitters weighed on U.S. stock market indices.
- Broadcom shares fell 10% on Friday after earnings outlook disappointed investors' high expectations.
- Chicago Fed President Austan Goolsbee, who opposed a rate cut in December, said he is projecting more interest rate cuts in 2026 than the current median outlook.











