MARKETS DAILY: Crypto Update | Market Selling Pressure on the Horizon, With Host Noelle Acheson
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 12 September 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
Noelle Acheson, author of the Crypto is Macro Now newsletter and former head of research at CoinDesk, discusses potential market selling pressure, crypto fund outflows and today’s testimony by SEC chair Gary Gensler.
Today's episode is sponsored by Kraken Pro.
Today’s Stories:
OPEC Oil Data Show 3 Million-Barrel Supply Shortfall as Saudi Arabia Extends Cut - Bloomberg
ECB Interest Rate Decision Suspense Intensifies With Officials Split - Bloomberg
Cryptocurrency Altcoin Crash Is Coming: Matrixport
FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions
Defiant Gensler Returns to Crypto Grievances Ahead of Senate Testimony
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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.
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This episode was hosted by Noelle Acheson. “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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| 0:49.8 | This episode of Markets Daily is sponsored by Cracken. |
| 0:58.0 | Thank you. This episode of Markets Daily is sponsored by Cracken. It's Tuesday, September 12, 2023, and this is Markets Daily from CoinDisc. |
| 1:04.1 | My name is Noel Acheson, CoinDisc collaborator and author of the Crypto's Macro-Now newsletter on Substack, |
| 1:09.5 | here again for your daily markets roundup. |
| 1:12.0 | On today's show, we're talking about potential selling pressure, fund outflows, and Gary Gensler. |
| 1:21.8 | To make sure you don't miss an episode, be sure to follow the podcast on your platform of choice. |
| 1:26.7 | And just a reminder, CoinDesk is a news source and does not provide investment advice. |
| 1:31.3 | Now, a market's roundup. |
| 1:34.3 | After yesterday's sharp move down, support for Bitcoin emerged in the form of a short squeeze. |
| 1:39.3 | This pushed the Bitcoin price back above $25,800 in early trading today. |
| 1:45.0 | Support has continued to emerge, and at 10 a.m. Eastern Time today, Bitcoin was trading at $26,286 |
| 1:52.0 | according to Coin-desk indices, a gain of more than 2.2% over the past 24 hours. |
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