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It's Thursday, May 25th, 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, top headlines, and more.

And just a reminder, CoinDesk is a news source and does not provide investment advice. Bitcoin and Ether are down as risk assets sell off across the board,

and BTZ's recent price slide may have legs according to technical analysis by alternative asset

management fund

Valkyri investments. The leading cryptocurrency by market value is declined by about 10% this month,

including a slide this week of nearly 4%. Thanks in part to renewed bets that the Fed will remain

hawkish, a recovery in the U.S. dollar index and lingering U.S. debt ceiling uncertainty,

which is not terribly surprising.

According to Valkyrie, a further decline towards $24,000 may be in the cards,

as Bitcoin's daily chart Ichimoku Cloud, a momentum indicator, has flipped bearish.

...