This episode of Markets Daily is sponsored by Cracken.

It's Monday, July 24th, 2023, and this is Markets Daily from CoinDesk.

George Kulutis here again for your Daily News Roundup.

On today's show, we're talking Bitcoin, the latest headlines, and more.

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

Bitcoin is down to start the week, dropping to the low $29,000 range in the last 24 hours. The CoinDest Market Index, the CMI, which measures the performance of the broader digital asset market, is also in

the red, down 2.38% at $1,260. BTC's trading range is still relatively narrow, reflecting the cautious stance of investors.

Simon Peters and market analyst at E Toro says, quote,

Although market dynamics in summer months contend toward volatility with lower trading flows,

the recent period has been remarkably calm for top crypto assets in the market.

The softening of the price we're watching currently

suggests investors are looking for positivity to cling to, but with Littleforth coming for now,

it is very much wait and see. And quote. Today's crypto market coverage comes courtesy of

Coinest Markets analyst Jamie Crawley and Amkar Goodboy. Bitcoin is currently trading at $29,186, while Ether is trading at $1,850 per

token, according to the CoinDest Market Index. And shifting to the traditional markets.

All eyes are on Wednesday's FMC meeting before the summer break.

We'll have more on that on Thursday's show.

Shifting to the indexes, in the U.S., the Dow Industrial Average is up 0.1%, the S&P 500 is flat, and the NASDAQ composite is down 0.6%.

In Europe, the regional stocks 600 and Germany's DACX are flat, and London's Futsi 100

loss 0.2%.

In Asia, Hong Kong's Hengseng Index decreased 2%, the Shanghai Composite fell 0.1%, and Japan's

Niket 225 increased 1.2%.

...