MARKETS DAILY: Crypto Update | Analysts Split on Why Ether Outperformed Bitcoin Last Week
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 21 August 2023
⏱️ 7 minutes
🧾️ Download transcript
Summary
The ether-bitcoin ratio rose more than 2% last week. The gain is inconsistent with its record of taking losses during bouts of risk aversion.
Today's episode is sponsored by Kraken Pro.
Today's Stories:
First Mover Americas: Bitcoin Trades Flat; Vitalik Transfers $1M Ether to Coinbase
Crypto Analysts Split on Why Ether Outperformed Bitcoin During Last Week's Slide
Bitcoin and U.S. Real Yield Reach Strongest Inverse Correlation Since April
Friend.tech Becomes Massive Ether Money Machine as NBA Players, FaZe Clan Join In
Crypto Miners Are Attempting to Diversify Into Other Business Areas: JPMorgan
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Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.
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This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. 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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| 0:50.0 | This episode of Markets Daily is sponsored by Cracken. |
| 0:57.8 | It's Monday, August 21st, 2023, and this is Markets Daily from CoinDesk. |
| 1:02.7 | Hi, I'm Michelle Muso here with your Crypto Markets Roundup. |
| 1:05.9 | On today's show, we're talking Bitcoin, Crypto Killer apps, and more. |
| 1:10.0 | And just a reminder, CoinDDesk is a news source and does |
| 1:12.6 | not provide investment advice. Bitcoin and Ether traded flat over the weekend after sliding last week. |
| 1:26.0 | Alternative tokens showed muted price movement, |
| 1:28.5 | as markets seemed to stabilize following one of the largest liquidation events in recent months. |
| 1:33.6 | Bitcoin remained steady at around $26,000 with little change on ether from Sunday's $1,670. |
| 1:41.2 | Meme coin Shibu Inu slid 2%, increasing losses to more than 21% in the past week, |
| 1:47.0 | following the botched launch of its Ethereum Layer 2 network, Shibarium. Transaction stalled |
| 1:53.0 | in the hours after the network went live last Wednesday, with over $1.7 million worth of tokens in a bridge |
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