MARKETS DAILY: Crypto Update | Inflation Slows Down, but Prices Are Still Up

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Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 12 July 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

CPI came in cooler than expected, but it’s likely not enough to convince the Fed to not raise rates later this month. Today's episode is sponsored by Kraken Pro. Today's Stories: BlackRock’s (BLK) Bitcoin (BTC) ETF Application Takes Market Surveillance to the Next Level Markets Links: BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch First Mover Americas: Bitcoin Continues in Holding Pattern Ahead of June U.S. Inflation Data - From our sponsors: Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto. It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface. Head to pro.kraken.com and trade like a pro. 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 George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. 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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0:50.0	This episode of Markets Daily is sponsored by Cracken.
0:58.1	Hey. This episode of Markets Daily is sponsored by Cracken. It's Wednesday, July 12, 2023, and this is Markets Daily from CoinDisc.
1:03.3	George Kulut is here again for your daily news roundup.
1:06.6	On today's show, we're talking Bitcoin, CPI, the latest headlines, and more.
1:11.5	And just a reminder, CoinDisc is a new source and does not provide financial advice.
1:21.7	Bitcoin is up 0.9% and Ether is up 1%.
1:25.7	The Consumer Price Index, or CPI, which stands in for inflation,
1:30.6	came in this morning at 8.30 Eastern below expectations at 3% year over year. This is the lowest
1:37.6	level since early 2021. The CPI announcement had little effect on crypto prices, with Bitcoin
1:43.4	still trading in that
1:44.4	tight $30,000 range.
1:47.1	And although fireworks were expected because of the CPI print, there's not much a report
	...

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