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CoinDesk Podcast Network

MARKETS DAILY: Crypto Update | The Tone of the Federal Reserve Is Shifting

CoinDesk Podcast Network

CoinDesk

News, Tech News, Daily News, Business News

4.7698 Ratings

🗓️ 11 October 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, explores spot bitcoin ETFs, bitcoin endorsements, inflation and more. Today's episode is sponsored by CME Group. Today’s Stories: Bitcoin - Monthly Return  SEC Must Review Grayscale's Bitcoin ETF Bid After Previous Rejection, Appeals Court Rules  https://x.com/EricBalchunas/status/1711386982226485391?s=20  Billionaire Paul Tudor Jones Backs Bitcoin and Gold as Geopolitical Risks Rise  Jim Cramer thinks 'Mr. Bitcoin is about to go down big' | The Block  - From our sponsors: CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more. Disclaimer: This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. - 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 CME Group.

0:57.9

Thank you. This episode of Markets Daily is sponsored by CME Group. It's Wednesday, October 11, 2020, and this is Markets Daily from CoinDesk.

1:04.7

My name is Noelle Atchison, CoinDesk collaborator and author of the Crypto's Macro Now newsletter on Substack.

1:11.1

On today's show, we're talking about spot ETFs, Bitcoin, inflation, and more.

1:21.7

So you don't miss an episode, be sure to follow the podcast on your platform of choice.

1:27.0

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

1:33.4

Now, a markets roundup.

1:36.6

Crypto markets are particularly choppy at the moment, with general risk-off sentiment keeping a lid on prices.

1:43.9

After drifting lower yesterday, Bitcoin's price dropped sharply this morning,

1:47.8

at one point shedding 1.1% in just five minutes.

1:52.4

It has since recovered part of the loss.

1:54.5

According to CoinDesk indices, at 8 a.m. Eastern Time today,

...

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