MARKETS DAILY: Crypto Update | Bitcoin's Rally and its Relationship With Inflation
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 10 April 2024
⏱️ 15 minutes
🧾️ Download transcript
Summary
The latest price moves and insights with Helene Braun and Marc Chandler, Chief Market Strategist at Bannockburn Global Forex.
To get the show every day, follow the podcast here.
On "Markets Daily," Chief Market Strategist at Bannockburn Global Forex, Marc Chandler, joins Markets Daily with insight on the recent consumer price index (CPI) report and its implications for the market, particularly for Bitcoin and other cryptocurrencies. The CPI report showed higher-than-expected inflation rates, leading to a rise in US interest rates and a decline in risk assets, including crypto. They also touch on the US jobs report and its impact on interest rates.
Takeaways |
- The CPI report showed higher-than-expected inflation rates, leading to a decline in risk assets, including Bitcoin and other cryptocurrencies.
- The US jobs report, which surpassed expectations, signals a robust economy but raises concerns about interest rates.
- The relationship between Bitcoin and inflation is questioned, with the guest suggesting that Bitcoin's recent rally is driven more by the advent of ETFs and speculative demand.
- The impact of the halving on crypto prices is anticipated to be slightly weaker this year due to the shock to supply caused by ETFs.
- The potential for new record highs in Bitcoin depends on market participants' interpretation of the current consolidation pattern and their confidence in Fed cuts.
Chapters |
00:00 Introduction and Market Update
04:34 The US Jobs Report and its Impact on Interest Rates
09:35 The Impact of ETFs and the Halving on Crypto Prices
LINKS |
-
Consensus 2024 is where experts convene to discuss ideas shaping our digital future. Join developers, investors, founders, brands, policymakers, and more in Austin, Texas from May 29-31. CoinDesk curates the tenth annual Consensus to feature the industry’s most sought-after speakers, unparalleled networking opportunities, and unforgettable experiences. Take 15% off registration with the code MD15.
Register now at consensus.coindesk.com.
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.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Audible brings your wildest adventures to life, delivering heart-pounding thrills at the touch |
| 0:05.8 | of a button. |
| 0:07.0 | Take Richard Osmond's The Thursday Murder Club, where four retirees turned amateur sleuths |
| 0:11.8 | solve crimes in the most unexpected ways, brilliantly performed by Leslie Manville. |
| 0:17.1 | Ready to unleash your adventure aside, from pulse racing suspense to epic quests, from supernatural |
| 0:22.6 | chills to far-off romances, every story comes alive through world-class narration. |
| 0:28.5 | Explore exclusive audible originals, chart-topping new releases, and unforgettable bestsellers |
| 0:34.4 | that transport you from the very first word, because the next great |
| 0:38.2 | adventure is just a listener way. Start your free 30-day trial at audible.com slash |
| 0:43.9 | Wondery, UK. That's audible.com slash Wondery UK. |
| 0:49.8 | Well, I think that the driver, about half of the gain, is accounted for by two things. |
| 0:54.8 | Gasoline prices and shelter prices. |
| 0:57.4 | And, you know, the shelter price has really been the sticky component. |
| 1:00.4 | It's part of the service products that consumers buy. |
| 1:04.0 | And the shelter has been holding up much better than people thought. |
| 1:07.0 | Even chairman of the Federal Reserve Powell had talked about shelter prices falling eventually, |
| 1:12.4 | but we haven't really seen that yet in the data. |
| 1:19.6 | Welcome to Markets Daily for Wednesday, April 10, 2024. |
| 1:25.1 | Join us as we delve into the insides of the sharpest minds in the investment world. |
| 1:29.8 | Season investors, traders, analysts, and anyone else you're eager to hear from. Don't hesitate to share |
| 1:36.3 | preferences with us. I'm Helene Braun, markets reporter at CoinDesk, bringing you today's |
| 1:42.4 | episode from sunny Miami. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.