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Wondery, UK. That's audible.com slash Wondery UK. It's Thursday, September 19th, and this is

Markets Daily, hosted by me, Jen Sanasi. If you are a long time

watcher of this show, you know that we navigate the crypto markets here, providing insights

against the broader financial landscape. So whether you're an active crypto trader or you're

just interested in the volatility that is the crypto markets, this show is your compass to

understanding what's happened, where we are, and where we're going. Good morning, everyone. As you know by now, the Federal

Reserve implemented a 50 basis point rate cut with expectations of further reductions this year

to bringing the median benchmark rate to 4.4% by the year end. Now, markets were up this morning,

a really good reaction. Bitcoin broke $63,000.

Other majors like Seoul, XRP, and Cardanos ADA also reacted positively to the news.

Now, this show is all about what will happen next. If you listened to yesterday's episode, you'll know that Bitmex co-founder and Maelstrom,

CIO, Arthur Hayes, said that the cut would trigger a brief market rally, but ultimately

reveal deeper issues in global financial systems, leading to more depressed prices eventually.

...