MARKETS DAILY: Crypto Update | Bitcoin Jumps to $26.5K as Trading Volume Increases

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4.7 • 698 Ratings

🗓️ 24 August 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plus, FTX taps Galaxy to sell its crypto billions Trump NFTs surge. Today's episode is sponsored by Kraken Pro. Today's Stories: First Mover Americas: Bitcoin Jumps to $26.5K as Trading Volume Increases Bitcoin, Ether Trade Below 'Maximum Pain' Levels Ahead of $2.7B Options Settlement Binance's Ether Futures See Lowest Open Interest Since July 2022 FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions Donald Trump NFTs Surge After Tucker Carlson Interview 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.
0:49.7	This episode of Markets Daily is sponsored by Cracken.
1:02.8	It's Thursday, August 24th, 20203, and this is Markets Daily from CoinDesk.
1:05.6	Hi, I'm Michelle Muso here with your Crypto Markets Roundup.
1:10.0	On today's show, we're talking Bitcoin, FTX, Trump NFTs, and more.
1:15.4	And just a reminder, CoinDesk is a news source and does not provide investment advice.
1:26.7	Bitcoin jumps to $26,500 as trading volume increases.
1:30.5	In the midst of a discernible market trajectory, Bitcoin exhibited a substantial surge this morning, experiencing an ascent of nearly 5% at one point, with its valuation
1:37.1	nearing the threshold of $26,800. This commendable incline ran in parallel with a resurgence
1:43.7	observed in traditional markets, accompanying the receding position of interest rates.
1:48.7	Ethereum is up as well, with a boost to almost 2%, floating steadily at $1,671, respectively.
1:56.8	LMAX Digital and institutional cryptocurrency exchange noted a significant increase in trading volumes
2:03.3	stating in a Monday note today, quote, Bitcoin volumes printed $173 million, $59% above a 30-day average
	...

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