MARKETS DAILY: Crypto Update | Bitcoin Hovers Around $26K, Thailand’s New Pro-Crypto Prime Minister

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CoinDesk

Tech News, Business News, Daily News, News

4.7 • 698 Ratings

🗓️ 23 August 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plus, moves in XRP and BNB. Today's episode is sponsored by Kraken Pro. Today's Stories: First Mover Americas: Bitcoin Hovers Below $26K Ether-Bitcoin Ratio Uptick Fails to Inspire Bullish Positioning in ETH Options Nearly All Short-Term Bitcoin Owners Are Underwater, Making Rallies Harder XRP Gives Up All Gains Made After Ripple Labs’ SEC Victory Australia's CBDC Likely Some Years Away, Central Bank Says Thailand’s New Pro-Crypto Prime Minister Was an Active Crypto Investor Ex-OpenSea Executive Nate Chastain Gets 3 Months in Prison for Insider Trading Privacy Mixer Tornado Cash Is an Entity, Judge Says - From our sponsors: Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto. It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface. Head to pro.kraken.com and trade like a pro. 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. - 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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0:43.9	Wondery, UK. That's audible.com slash Wondery UK.
0:49.5	This episode of Markets Daily is sponsored by Cracken.
0:57.8	It's Wednesday, August 23rd, 20203, and this is Markets Daily from CoinDesk.
1:02.6	Hi, I'm Michelle Muso here with your Crypto Markets Roundup.
1:05.5	On today's show, we're talking Bitcoin, XRP, Thailand, and more.
1:09.7	And just a reminder, CoinDesk is a news source and does not provide investment advice.
1:21.8	Bitcoin has dropped back below $26,000 as the market awaits developments from the central
1:26.5	bankers meeting at Jackson Hole on Friday.
1:29.4	The world's largest cryptocurrency by market value dropped just below the $26,000 mark on Wednesday,
1:35.5	after trading in a tight range over the past 24 hours, hitting a weekly low of $25,500.
1:42.0	The cryptocurrency rebounded slightly from the low, but remains down 9% over the last seven days.
1:48.1	The head of digital asset strategy at FundStrat wrote,
1:51.9	quote,
	...

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