MARKETS DAILY: Crypto Update | Bitcoin Layer 2s Are an Ascendant Narrative for Crypto, Says Alex Thorn
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 13 February 2024
⏱️ 16 minutes
🧾️ Download transcript
Summary
The latest price moves and insights with Jennifer Sanasie and guest Alex Thorn, head of research at Galaxy.
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On "Markets Daily," host Jennifer Sanasie speaks with Galaxy Head of Research Alex Thorn about bitcoin's bump above $50k, spot bitcoin ETF inflows and where layer 2s built on bitcoin might surpass those on Ethereum.
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This episode was hosted by Jennifer Sanasie. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl, alongside Senior Booking Producer Melissa Montañez. All original music by Doc Blust and Colin Mealey.
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Transcript
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| 1:01.8 | Good morning, everyone. This is Markets Daily from CoinDesk. I'm your host, Jen Sanassi. Let's get right into the show. |
| 1:13.7 | First, I'll be passing it off to our producer, Eleanor Paul, to read out today's markets updates. |
| 1:15.2 | According to Coin Desk indices at 8 a.m. Eastern time, Bitcoin was trading up 3% over the past 24 hours |
| 1:22.3 | at $49,877. Bitcoin had tipped over that 50K mark yesterday for the first time since late 2021. |
| 1:32.2 | Ether surged 7% over the same time period, sitting at $2,674. The majority of assets in the |
| 1:40.4 | CoinDisk 20 index were in the green, with Solana taking the top spot, rising |
| 1:45.1 | over 8% on the day. |
| 1:47.6 | In traditional markets, the NASDAQ was down slightly in yesterday's trading while the S&P 500 |
| 1:52.7 | was roughly flat. |
| 1:54.2 | And in commodities, the Brent crude oil benchmark was trading at $82.57 a barrel. |
| 2:00.4 | Meanwhile, gold was trading at $2,027 an ounce. Now, back to Jen. |
| 2:08.2 | For more on the market's action, let's bring in Head of Research at Galaxy, Alex Thorne. |
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