MARKETS DAILY: Crypto Update | Ethereum Activity Lags Despite Network Upgrades, Altcoin Volatility Surprises

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4.8 • 689 Ratings

🗓️ 22 September 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Noelle Acheson, the insightful author of the Crypto Is Macro Now newsletter, delves into Ethereum's ongoing sluggishness despite the latest network enhancements. A recent report by JP Morgan analysts highlights a decline in daily transactions and active addresses, raising concerns about Ethereum's current state. Simultaneously, the cryptocurrency landscape takes an unexpected twist as meme coin Dogecoin displays lower 30-day historical volatility than Bitcoin, sparking discussions about market liquidity and investor sentiment in this dynamic crypto environment.

Today's episode is sponsored by Kraken Pro.

Today’s Stories:

Ethereum's Shanghai Upgrade Has Failed to Boost Network Activity, JPMorgan Says

Dogecoin Beats Bitcoin in Price Stability Amid Crypto Trading Lull

CRYPTO IS MACRO NOW NEWSLETTER

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Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Michele Musso. 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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0:43.9	Wondery, UK. That's audible.com slash Wondery UK.
0:49.7	This episode of Markets Daily is sponsored by Cracken.
0:57.2	It's Friday, September 22nd, 2023, and this is Markets Daily from CoinDisc.
1:03.6	My name is Noel Acheson, CoinDest collaborator, and author of the Crypto's Macro-Now
1:07.9	newsletter on Substack.
1:09.6	On today's show, we're talking about Ethereum activity, altcoin volatility, and more.
1:14.9	So you don't miss an episode, be sure to follow the podcast on your platform of choice.
1:19.4	Just a reminder, CoinDisc is a news source and does not provide investment advice.
1:24.0	Now, a markets roundup.
1:34.7	Thank you. Now, a markets roundup. Markets this morning seemed to be recovering after a rough few days.
1:38.7	Bitcoin has been fairly range-bound for the past 24 hours, and at 10 a.m. Eastern
1:43.1	time this morning was up 6 tenths of a percent, trading at $26,607 hours, and at 10 a.m. Eastern time this morning was up
1:44.2	six-tenths of a percent, trading at $26,607, according to Coin Desk indices.
	...

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