MARKETS DAILY: Crypto Update | It's Friday So We’ll Just Roll With the Punches

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Business News, News, Daily News, Tech News

4.7 • 698 Ratings

🗓️ 21 July 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Crypto Market slumps with Bitcoin and Ether plummeting below key levels amid regulatory bill introduction. Today's episode is sponsored by Kraken Pro. Today's Stories: U.S. House Republicans Introduce Crypto Oversight Bill With Changes From June Draft McDonald’s Opens McNuggets Land in the Metaverse, but McWhy? Markets Links: BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch SOL, XRP Lead Slide in Crypto Majors as Bitcoin Slips Below $30K 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 crypto asset 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 Michele Musso. 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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0:00.0	This episode of Markets Daily is sponsored by Cracken.
0:08.5	It's Friday, July 21st, 2020, and this is Markets Daily from CoinDisc.
0:13.8	George Kalued is here again for your Daily News Roundup.
0:17.3	On today's show, we're talking Bitcoin, the latest headlines, and more.
0:22.1	And just a reminder,
0:25.3	CoinDisc is a new source and does not provide investment advice.
0:38.4	Bitcoin and Ether are lagging today as the broader crypto market experiences a drop across the board.
0:43.9	Bitcoin dipped under $30,000 and ether below $1,900 during European hours.
0:49.2	Some of the selling pressure may have arisen as U.S. House Republicans introduced a new digital assets oversight bill on Thursday that aims to establish a regulatory framework to protect investors in
0:55.7	the crypto sector. Analysts have said parts of the revised bill exclude from the definition of
1:01.1	quote digital assets, a range of traditional securities such as stocks, bonds, transferable shares,
1:07.1	certificates of interest or participation in any profit-sharing agreement, and so on.
1:12.2	We'll touch on the bill after the break.
1:14.2	It's stuff sliding out there, but it's Friday, so we'll just roll with the punches.
1:19.1	Today's crypto market coverage comes courtesy of CoinDest markets analyst Shari Amalwa.
1:24.4	Bitcoin is currently trading at $29,887, while Ether is trading at $1,895 per token, according to the CoinDest Market Index.
1:35.3	And shifting to the traditional markets.
1:39.3	There will be a rebalancing to the NASDAQ 100 happening on Monday since some of the tech
1:44.5	names and the index have gotten too big. Nothing to report on here today, but just a forewarning.
1:50.6	As for the indexes themselves, the US, the Dow Industrial average added 0.2%, the S&P 500
1:56.6	decreased 0.2%, and the NASDAQ composite lost 1%. In Europe, the regional stocks 600 put on 0.5%, London's Futsi 100 is up 0.3%, and Germany's
2:08.3	DAX is flat.
	...

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