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It's Friday, May 12th, 20203, and this is Markets Daily from CoinDesk.

I'm Adam B. Levine, here again with your Daily News Roundup.

On today, show we're talking Bitcoin, more regulatory nonsense, the latest headlines, and more.

And just a reminder, CoinDesk is a news source and does not provide investment advice.

Bitcoin, Ether, and most other top traded tokens are down and market showing mostly red. Bitcoin continues to lose ground in the wake of the Coin Desk Bitcoin trend

indicators shedding the bullish

bias for the first time in three weeks. The top cryptocurrency by market value fell as low as $26,160

per token, reaching its lowest price since March 17th, according to Coin Desk data. Prices are also

notably continuing to diverge from traditional risk assets like Nasdaq. The Bitcoin trend, or BTI indicator as it's known, which measures the directional momentum

and strength of Bitcoin's price, flipped from bullish to neutral yesterday.

The indicator had consistently signaled an uptrend since January 13th, barring a brief red flash,

which is a downtrend signal back in mid-March, and a neutral reading on April 24th.

...