MARKETS DAILY: Crypto Update | Bitcoin and Ether Are Outperforming and the Fed Faces Challenges
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 20 March 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
The latest price moves and insights with Helene Braun and David Stryzewski, CEO of Sound Planning Group.
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On "Markets Daily," CEO of Sound Planning Group, David Stryzewski joins CoinDesk with insights on recent movements in the crypto markets and his insights on the Federal Reserve's interest rate decision, the Fed's monetary policy outlook, and the potential risks and challenges it faces. The discussion also touches on the price correction in Bitcoin and Ether, the demand for crypto ETFs, and the outflows from Grayscale's GBTC.
Takeaways |
- Bitcoin and Ether are outperforming the broader crypto market.
- The Fed is expected to keep interest rates unchanged, but its future decisions will depend on economic indicators.
- The Fed may face challenges in balancing inflation and economic growth.
- Bitcoin and Ether may experience further price corrections before reversing course.
- There is a growing demand for crypto ETFs, but competition from larger players like BlackRock and Fidelity may pose challenges for smaller funds.
- Grayscale's GBTC has seen significant outflows, potentially due to its high fees.
- The crypto market is still in the early stages, and there is potential for further growth and adoption.
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This episode was hosted by Helene Braun. “Markets Daily” is produced and edited by senior producer Michele Musso, and executive producer Jared Schwartz alongside Senior Booker, Melissa Montañez—all original music by Doc Blust and Colin Mealey.
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Transcript
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| 0:49.6 | Not a lot of people are opening Coinbase accounts or different types of accounts. |
| 0:53.3 | They're looking at this through their brokerage window. They got the same password as they had at their Swab or Fidelity |
| 0:57.9 | account before. And now they're just able to allocate a certain percentage. |
| 1:06.2 | It's Wednesday, March 20th, 2024, and this is Markets Daily, a show where we get into the minds of |
| 1:12.3 | the smartest and most experienced investors, traders, and analysts. I'm Helene Braun, Markets |
| 1:17.7 | reporter at CoinDisc, and before we get into our discussion, let's have a look at today's |
| 1:21.8 | prices. Both Bitcoin and Ether seem to be catching a break today from yesterday's lows. |
| 1:27.0 | According to CoinDisk indices at 11 a.m. Eastern Time, Bitcoin was up about 2.5% over the past 24 hours, |
| 1:35.0 | currently trading at $64,079. |
| 1:39.1 | Ether is also up, even more significantly than Bitcoin, a little over 3.5%. It is trading at $3,357. |
| 1:48.8 | If we look at the broader crypto market, the CoinDest 20 index is up about 1% this morning. |
... |
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