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It's Monday, May 15th, 2023, and this is Markets Daily from CoinDesk.

I'm Adam B. Levine here again with your daily news roundup.

On today, we're talking Bitcoin, more regulatory nonsense, the latest headlines, and more.

And just a reminder, CoinDesk is a news source and does not provide investment advice.

Bitcoin, Ether, and most other top traded tokens are up in market showing mostly green.

After hitting a recent low of $25,800 on Friday, markets are preparing for a busy week ahead,

with U.S. retail sales data to be released Tuesday and Fedger Jerome Powell said to speak on Friday.

Stocks and commodities were also climbing a bit this morning, but remained mostly lower than our last check-in on Friday. Some traders believe Bitcoin's holding of the 27,000 level over the past few days

is setting the crypto up for a run to new highs.

But let's take a quick minute on this Monday morning to dig into the U.S. dollar, which is, of

course, the dominant global reserve currency around the world. The heavily shorted U.S.D

surged against a basket of fiat currencies last week, putting pressure on risk assets, including

...