It's Tuesday, February 6th, 2024, and this is Markets Daily from CoinDesk.

I'm your host, Jen Sanassi.

Let's dive into those prices.

According to CoinDesk indices at 8 a.m. Eastern time, Bitcoin fell over percent in the past 24 hours, so 42,718, while Ether was roughly flat at $2,321.

Today's mover in the Coin Desk Market Index is Ethereum Name Service, ticker ENS, up 21% on the day.

And for some market-moving crypto news, first, Binance said it will stop listing the Monero Privacy

token as of February 20th, causing the token to slump about 16% following the announcement.

Also, Solana suffered a, quote,

major outage earlier today, according to the network system status page.

Solana's bull token fell around 3% on the news. In traditional markets, the NASDAQ

and S&P 500 were little changed, down 0.2 and 0.3% respectively. Lastly, in commodities,

the Brent crude oil benchmark was trading at $78.69 a barrel. Meanwhile, gold was trading at

$2,027 an ounce. For more on the market's action, let's bring in Providence Blockchain Foundation CEO Anthony Morrow.

Let's start with what's going on in the markets this morning.

What are you watching?

Yeah, so everyone's watching the Fed.

I think the volatility will continue until we have a clearer path on what they plan to do.

That being said, I think digital assets are very early in the cycle, and we're going to see a lot of

momentum building through the first quarter of year.

Let's talk a little bit more about the Fed. It's looking unlikely that there's going to be rate

cuts in March. What do you expect to see the Fed do this year?

And how do you expect to see it affect the markets?

...