MARKETS DAILY: Crypto Update | BTC Sell-Off 'Clears the Air for Bitcoin to Go Higher,' Says Juan Leon
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 6 March 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
The latest price moves and insights with Helene Braun and guest Juan Leon, crypto research analyst at Bitwise.
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Bitcoin briefly grasped a new all-time high in yesterday's trading, before a broad market sell-off saw prices drop to as low as $60,800. On "Markets Daily" with host Helene Braun, Bitwise Crypto Research Analyst Juan Leon argues the retreat was a healthy pullback that will allow for a more stable price rise ahead of the Bitcoin halving. Plus: Leon's surprising ether price prediction.
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This episode was hosted by Helene Braun. “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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| 0:58.6 | It's Wednesday, March 6, 2024, and this is Markets Daily. |
| 1:01.4 | I'm Helene Braun, markets reporter at CoinDest. |
| 1:03.2 | Let's have a look at today's prices. |
| 1:18.6 | According to CoinDest indices at 8 a.m. Eastern time, Bitcoin fell over 2% in the past 24 hours to $65,852. Bitcoin rallied yesterday to a new all-time high before a market-wide sell-off saw prices drop to as low as $60,800. More on that in today's interview. |
| 1:29.6 | Ether rose 1.4% over the same time period at $3,814, briefly climbing past $3,900 for the first time since late 2021. |
| 1:40.7 | Assets in the coiness 20 index were largely in the red with Uniswap, Aptos, and Ethereum the only assets in the green over the past 24 hours. |
| 1:49.0 | In traditional markets, both the NASDAQ and the S&P 500 experienced the sell-off in yesterday's trading. |
| 1:56.0 | Futures are up slightly this morning. |
| 1:58.0 | And in commodities, the Brent Crudol benchmark was trading at $82.72 a barrel. |
| 2:04.6 | Meanwhile, gold was trading at $2,132 an ounce, holding near all-time highs. |
| 2:11.6 | For more in the market's action, let's bring in Juan Leon, crypto research analyst at Bitwise. |
| 2:24.1 | All eyes have been on Bitcoin this week, especially after it reached a highly anticipated new all-time high yesterday. |
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