Ryan Myher Quoted in Forbes, Bitcoin Plunges Below $81,000 As 'Everything' Sell-Off Fuels Losses
As Bitcoin fell below $81,000 amid a broad 'everything' sell-off across tech stocks and crypto, Forbes quoted Ryan Myher on what drove the move.
What Ryan Said
“Tesla and Meta's mixed results brought back questions about AI spending. That hit Nasdaq futures and Asian stocks, and the selloff spilled into crypto.”
“Leveraged longs who bought the push toward $84,800 hoping for a breakout yesterday got flushed. Spot Bitcoin ETFs still took in over $1 billion earlier this week, so the bid has not gone away. Once the equity pressure eased a bit, price stabilized.”
— Ryan Myher, COO of Genius, as quoted by Forbes
About Ryan Myher
Ryan Myher is a 2X entrepreneur and Co-Founder & COO of Shuttle Labs, the company behind Genius — a cross-chain trading terminal backed by YZi Labs, Anthony Scaramucci, and Balaji Srinivasan, with CZ as an advisor. He is regularly quoted on Bitcoin, Ethereum, and crypto policy by outlets including Forbes, TheStreet, and The Block. Learn more about Ryan or see all press coverage.