This episode of Markets Daily is sponsored by Cracken.

It's Friday, September 29th, 20203, and this is Markets Daily from CoinDesk.

My name is Noel Acheson, CoinDisc collaborator, and author of the Crypto's Macro Now newsletter on Substack.

On today's show, we're talking about inflation, crypto ETFs, and more.

So you don't miss an episode, be sure to follow the podcast on your platform of choice.

And just a reminder, CoinDisc is a new source and does not provide investment advice.

Thank you. not provide investment advice. Bitcoin's price jumped again yesterday, accelerating the upward trend.

Since the jump, it has been oscillating around $27,000.

At 10 a.m. Eastern time, it was at 26,895 up 1.2% over the past 24 hours.

Ether has been doing even better as the first Ether Futures ETF starts trading today.

I'll have more on this in a moment. Earlier today, Ether was trading at $1,669, up twice as much as Bitcoin,

at 2.4%. The boost to crypto market is most likely partly due to the accelerated launch of

Ether-linked ETSs. These put a convenient wrapper around ether exposure for retail and

institutional investors. It also coincides with a drop

in U.S. yields, which suggests that macro considerations are still very relevant. Let's dive into

these for a moment. The U.S. 10-year treasury yield reached a multi-year peak yesterday of almost

4.7 percent, its highest since 2007.

We also saw the German bond benchmark yield reach its highest since 2011.

The UK 10-year gilt's hit levels last seen a year ago during the country's bond crisis,

and even Japan's 20-year government bond yield rose to its

highest level since 2014. In the latter half of the U.S. trading day yesterday, however, sentiment

seemed to turn. Bond prices started to recover, bringing yields down. This coincided with yesterday's

...