MARKETS DAILY: Crypto Update | BTC Breaks $45k; Don't Brush Off the Long-Term Importance of Bitcoin ETFs, Ric Edelman Explains

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4.7 • 698 Ratings

🗓️ 8 February 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

The latest price moves and insights with Jennifer Sanasie and guest Ric Edelman, founder of Digital Assets Council of Financial Professionals. To get the show every day, follow the podcast here. On "Markets Daily," host Jennifer Sanasie speaks with Ric Edelman, founder of Digital Assets Council of Financial Professionals as he explains why it's going to take time for asset managers to get their clients set up with the spot bitcoin ETFs – but once they do, the market will skyrocket. - Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk 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 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. 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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1:00.2	It's Thursday, February 8th, 2024, and this is Markets Daily from CoinDesk.
1:01.6	I'm your host, Jen Sanasi.
1:03.7	Let's dive in to those prices.
1:17.8	According to Coin Desk Indices at 8 a.m. Eastern time, Bitcoin was trading up 3.7%. Over the past 24 hours,
1:31.2	breaking through the $44,000 level, sitting at $44,682. Either rose 2% over the same time period, sitting at 2,420. It's been a green day for crypto with all assets in the Coin Desk 20 index, marking positive returns over the past 24 hours.
1:38.6	In traditional markets, both the NASDAQ and the S&P 500 rose just under a percent in yesterday's trading.
1:45.1	The S&P sitched a record high at 4,995, nearing the symbolic 5,000 mark for the first time ever.
1:54.6	And in commodities, the Brent crude oil benchmark rose trading at $80.31 a barrel.
2:05.1	Meanwhile, gold was trading at $2,024 an ounce.
2:10.6	For more on the market's action, let's bring in founder of the Digital Assets Council of Financial Professionals, Rick Edelman.
2:15.6	Rick, nice to chat with you, especially as the crypto markets are in the green across the board.
2:22.4	What are you watching this morning?
	...

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