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CoinDesk Podcast Network

Crypto Update | While Many Eye the ETF, Fundstrat's Sean Farrell Hints at Underappreciated Investing Opportunities

CoinDesk Podcast Network

CoinDesk

Tech News, Business News, Daily News, News

4.7698 Ratings

🗓️ 8 January 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

The latest price moves and insights with Jennifer Sanasie and guest Sean Farrell, Fundstrat head of digital asset strategy. To get the show every day, follow the podcast here. "Markets Daily" kicks off a new format with a minute of market updates, followed by an interview with a rotating cast of market analysts across the crypto space. Today, host Jennifer Sanasie speaks with Sean Farrell about an investment pivot to ether and layer 2s, plus the latest bitcoin ETF updates. This episode was hosted by Jennifer Sanasie. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl, alongside Senior Booking Producer Melissa Montanez. All original music by Doc Blust and Colin Mealey. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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1:01.5

It's Monday, January 8th, 2024, and this is Markets Daily from CoinDesk. I'm your host, Jen Sanassi. Let's dive in to those prices. According to CoinDesk indices at 8 a.m. Eastern time, Bitcoin was trading up 2.2% over the past 24 hours at $45,112,

1:18.6

while ether rose 1.2% over the same time period at $2,266. Today's mover is Power Ledger, ticker P-O-W-R, down 29% on the day. In traditional markets,

1:34.6

both the NASDAQ and the S&P 500 were up around 1% on Friday. Stock futures are mixed

1:41.1

this morning. And in commodities, the Brent crude benchmark was trading at $76.

1:46.6

And 88 cents a barrel.

1:48.0

Meanwhile, gold was trading at $2,030 an ounce.

1:51.7

For more on the market action this morning, let's bring in Sean Farrell, head of digital

1:55.9

asset strategy at FundStrat.

1:58.1

Good morning.

1:59.4

Hey, thanks for having me.

2:00.7

Thanks for being your Sean now.

2:02.6

We got to talk about what everyone is talking about, what everyone has been talking about,

...

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