COINDESK DAILY: Crypto Market in a Sea of Red; Morgan Stanley Gears Up to Offer ETFs
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 5 August 2024
⏱️ 3 minutes
🧾️ Download transcript
Summary
Host Jennifer Sanasie breaks down the news in the crypto industry from the overall crypto market downturn to Morgan Stanley getting ready to offer bitcoin ETFs.
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"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as major cryptocurrencies extended their slump during Asian trading hours before recovering from the crash. Plus, former President Donald Trump argued the benefits of the U.S. embracing bitcoin in an interview with Fox Business and CNBC reports that Morgan Stanley is getting ready for its advisers to offer bitcoin ETFs to wealthy clients.
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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.
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Transcript
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| 0:49.7 | The crypto market extends its slump and Morgan Stanley advisors gear up to offer ETFs. |
| 0:54.8 | This is CoinDesk Daily. I'm your host, Jen Sanasi. |
| 1:02.9 | Bitcoin extended its slump during Asian trading hours on Monday, plunging below $50,000 |
| 1:07.5 | before recovering. The leading cryptocurrency is sitting at the lowest level since |
| 1:11.5 | mid-February as rising tensions in the Middle East and concerns about the strength of the global |
| 1:16.2 | economy ate into investor confidence. Ether has also posted its steepest single-day plunge since |
| 1:21.6 | May 2021, singing to as little as $2,060, the lowest level since the beginning of 2024. |
| 1:28.2 | The bloodbath led to over a billion dollars in liquidations in the crypto futures market |
| 1:32.5 | and the Crypto Fear and Greed Sentiment Index shows that participants are fearful. |
| 1:37.9 | Former President Donald Trump turned to crypto again in an interview on Friday. |
| 1:42.2 | Trump suggested to Fox businesses Maria Bartaromo that |
| 1:44.9 | Bitcoin could potentially help with the U.S. national debt. He said, quote, we'll hand them a little |
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