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There are a lot of interesting crypto-native narratives and flows going on right now, I do not think

they're going to overwhelm macro flows. So if inflation picks up again and the Fed is forced to raise

rates, you know, I think that would spell difficulty for crypto over the next nine to 12 months.

I think we're at the mercy of macro and the Fed and rates at the moment.

Good morning, everyone and welcome to Markets Daily, a show where we pick the brains of the smartest minds in financial markets.

It's Wednesday, April 17th, 2024, and I'm your host, Helene Braun, markets reporter

here at CoinDisk. It seems crypto acids are still holding on to the slight sell of that started

over the weekend and has continued throughout this week. Bitcoin was trading lower again over the past 24

hours, according to CoinDisc indices at 8

m Eastern time, by about half a percent at $62,696.

Ethereum saw a slightly bigger drop of about 1.3%, currently trading at $3,046.

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