MARKETS DAILY: Crypto Update | 'This Bull Market Might Last Another 12 to 18 Months,' Says Matrixport's Markus Thielen

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Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 14 February 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

The latest price moves and insights with CoinDesk Markets Reporter Helene Braun and guest Markus Thielen, head of research at Matrixport. To get the show every day, follow the podcast here. On "Markets Daily," CoinDesk Markets Reporter Helene Braun fills in for host Jennifer Sanasie and speaks with Markus Thielen, head of research at Matrixport. Thielen highlights the bull case for both bitcoin and ether, overvaluation of MicroStrategy stock and Matrixport's year-end price predictions. - Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Take 15% off registration with the code MD15. Register now at consensus.coindesk.com. - This episode was hosted by Helene Braun. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl, alongside Senior Booking Producer Melissa Montañez. 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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0:43.9	Wondery, UK. That's audible.com slash Wondery, UK.
0:59.9	It's Wednesday, February 14th, 2024, and this is Markets Daily from CoinDisc.
1:04.0	I'm Helene Braun filling in for Jennifer Senassi. Let's get into the show.
1:20.1	According to CoinDisc indices at 8 a.m. Eastern Time, Bitcoin continued its rally up 3.5% over the past 24 hours at $51,636.
1:28.3	Ether was close behind sitting at $2,738 and up 2.4% on the day. The CoinS20 index was mostly in the green over the past 24 hours, led by Internet
1:33.0	computer and Cardano.
1:35.5	In traditional markets, both the NASDAQ and the S&P 500 fell over 1% in yesterday's trading.
1:41.5	Tuesday saw the release of the US January consumer price index, which indicated stubborn
1:46.1	inflation.
1:47.3	And in commodities, the Brent Crudeau benchmark was trading at $82.92 a barrel.
1:53.3	Meanwhile, gold fell below the $2,000 mark to $1,990 an ounce, selling off in reaction
2:00.3	to that inflation data.
2:02.1	For more in the markets action, let's bring in Majorport, Head of Research and Strategy,
	...

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