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Bitcoin is really, I always say the direction got for crypto, also the altcoins crashed heavily.

And I think we all are waiting for the Ethereum ETF now and for this fat to be over, especially

these selling fat we had.

Good morning, everyone, and welcome to Markets Daily on this Wednesday, July 10, 2024.

If you're new here, thank you so much for tuning in.

This is a show where we get into the minds of the smartest people in this industry to help you and myself make sense of the latest news and market trends.

Before we get into our discussion today, let's look at what's been going on in crypto.

Of course, Mount Cox and Germany sale of millions of dollars worth of Bitcoin continues to put pressure on the market. In addition to that, this week is very heavy on new macro data.

Federal Reserve Chair Jerome Powell made an appearance on Capitol Hill yesterday where he expressed

concerns that leaving rates high for too long could harm economic growth in the long run.

Markets, including crypto, of course, loved hearing that Bitcoin rallied to over $59,000 just

this morning, which Tenegs research analyst Marcus Teelen, who we frequently have here on the show,

...