MARKETS DAILY: Crypto Update | Dencun Is a Milestone, But the Real Price Driver Is Ether ETF Hope, Says Brian Dixon

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4.7 • 698 Ratings

🗓️ 13 March 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

The latest price moves and insights with Helene Braun and guest Brian Dixon, CEO of Off the Chain Capital. To get the show every day, follow the podcast here. Traders have a lot to point to in markets for the bull case: risk demand, bitcoin all-time highs, hopes for an ether ETF. On "Markets Daily," CoinDesk Markets Reporter Helene Braun speaks with Brian Dixon, CEO of Off the Chain Capital, about the Dencun upgrade, Ethereum price corrections, Grayscale's Mini GBTC and Coinbase crashes. - 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 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. 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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0:58.6	It's Wednesday, March 13th, 2024, and this is Markets Daily. I'm Helene Braun, markets reporter at CoinDisk.
1:01.8	Let's have a look at today's prices.
1:09.3	According to CoinDisc indices at 8 a.m. Eastern time, Bitcoin rose over 1% in the past 24 hours, trading above $73,000.
1:18.8	Ether continued to hold above the 4K level, and the crypto industry is watching for the much-anticipated Dankoon upgrade,
1:26.1	with some analysts concerned about a price
1:28.5	correction following the event. Assets in the coin as 20 were mixed on the day, with Avalanche as
1:34.1	a top gainer. In traditional markets, both the NASDAQ and the S&P 500 rose more than a percent
1:39.8	in yesterday's trading, as markets struck off a hotter than expected February inflation reading.
1:46.1	And in commodities, the brand crude oil benchmark was trading above $83 a barrel. Meanwhile, gold
1:52.6	was trading at $2,172 an ounce. For more in the market's action, let's bring in Brian Dixon,
2:00.1	CEO of Off the Chain Capital.
2:04.4	Brian, Bitcoin can seem to catch a break here. It's been trading above $70,000 for quite a few days now.
	...

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