MARKETS DAILY: Crypto Update | Markets Liked Banks Passing Stress Tests Even Though the National Debt Is Becoming a Big Problem
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 29 June 2023
⏱️ 16 minutes
🧾️ Download transcript
Summary
Bitcoin is back to its winning ways. Plus, today’s top stories.
Today's Stories:
Interest On The National Debt Poised To Rise At An Alarming Rate | ZeroHedge
Treasury Bill Barrage Is Just a Prelude to Longer-Term Debt Deluge - BNN Bloomberg
Canadian Lawmakers Call for National Blockchain, Crypto Strategy
ECB to Start Wholesale CBDC Settlement Trials in 2024
Mastercard Is Piloting Tokenized Bank Deposits in New UK Testbed
Tokenization Is Likely to Transform Infrastructure and Financial Markets: Bank of America
SEC Has No Jurisdiction Over Cryptos on Coinbase, Exchange Says in Lawsuit Response
Ex-FTX Compliance Officer Sued for Allegedly Paying Off Would-Be Whistleblowers
Markets Links:
BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch
Futures Rise As Fed Stress Test Reassures Banks Are Fine | ZeroHedge
This episode was hosted by Adam B. Levine and 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.
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Transcript
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| 0:00.0 | It's Thursday, June 29th, 20203, and this is Markets Daily from CoinDesk. |
| 0:09.9 | I'm Adam B. Levine here again with George Colodos for your Daily News Roundup. |
| 0:13.2 | On today, show we're talking Bitcoin, rising interest rates, the latest headlines, and more. |
| 0:17.6 | And just a reminder, CoinDesk is a new source and does not provide investment advice. |
| 0:28.6 | Bitcoin is back to its winning ways, up 2.4% since our last show. So 2 is the rest of crypto with ether up 1.5%. |
| 0:36.4 | June has been a good month for crypto in general. |
| 0:39.3 | Mark Connors, head of research for Canadian Digital Asset Manager 3IQ, wrote in a message |
| 0:43.7 | to CoinDist that, quote, June has been the biggest month since November for digital assets |
| 0:48.0 | as it relates to news flow. |
| 0:49.7 | It's not unusual to see the market take a breather, end quote. |
| 0:53.0 | In that message to CoinDesk, Connors also took note of a metric I often look at. |
| 0:57.0 | Bitcoin dominance. |
| 0:58.0 | Bitcoin dominance is the measure of Bitcoin's market value in comparison to the rest of the |
| 1:02.0 | crypto market. |
| 1:03.0 | Bitcoin dominance has increased to a 26-month high, coming in around 52%. |
| 1:08.0 | Bitcoin tends to leave the way out of a bear market, and if you expect us to get |
| 1:11.7 | out of the bare market, expect Bitcoin dominance to continue ticking upwards. |
| 1:16.5 | As for feelings and animal spirits, Bitcoin's sentiment has turned bullish over the past week |
| 1:20.5 | with the CoinDesk Bitcoin indicator, which I like to call a mood ring for Bitcoin's price, |
| 1:24.5 | climbing to significant upturn territory after languishing in downturn |
| 1:28.1 | areas for weeks. All said, tomorrow is the last day of June, which means markets will be |
| 1:32.2 | eyeing the expiry of Bitcoin options contracts, which could fuel a price increase, |
... |
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