MARKETS DAILY: Crypto Update | How Fed's Interest Rate Decisions Could Affect Crypto
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 17 June 2024
⏱️ 22 minutes
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| 0:00.0 | Mean coins have continued to be the zeitgeist. |
| 0:03.0 | I don't think that's surprising when you look at the fact that we might be in a fiscal driven |
| 0:08.2 | regime with no one in the driver's seat. |
| 0:10.3 | Government spending is out of control. |
| 0:11.9 | Interest payments are out of control. |
| 0:13.2 | Like when things stop making rational sense, it's rational to start looking at assets that might be irrational. |
| 0:21.0 | I know that's a bit funny. |
| 0:26.9 | It's Monday, June 17th, and this is Markets Daily, a show where we get into the minds of some of the smartest, investors, CEOs, analysts, economists, professors, people who are looking at strategy and everyone |
| 0:38.9 | in between if you have a hot or smart take, you are always invited to the markets daily show. |
| 0:45.3 | Welcome back to our daily programming and thank you for tuning into hearing some of the best |
| 0:50.1 | markets related discussions we had at Consensus 2024 over the past couple of weeks. |
| 0:55.9 | We are back in action with our daily interviews now. |
| 0:59.5 | Now, before we get into today's discussion, let's take a look at what's going on in the |
| 1:03.8 | crypto news this morning. |
| 1:06.1 | The biggest cryptocurrencies fell during the European morning, extending the subdued mood |
| 1:10.7 | after the Fed-trimmed |
| 1:11.7 | interest rate cut expectations on Wednesday, Bitcoin and Ether both fell around 1% this morning. |
| 1:19.5 | The largest cryptocurrency by market cap, Bitcoin has been trading between the $72,000 and $65,000 range |
| 1:26.1 | for the past month. |
| 1:27.8 | Meanwhile, coin share says that Bitcoin investment products saw a total of $621 million |
| 1:34.3 | in outflows last week. |
| 1:36.6 | And according to JP Morgan, U.S. listed Bitcoin miners reached a record total market |
... |
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