MARKETS DAILY: Crypto Update | What Investors Should Know About the AI Tokens Riding Nvidia's Hype
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 7 May 2024
⏱️ 6 minutes
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| 0:43.9 | Wondery, UK. That's audible.com slash Wondery UK. |
| 0:59.7 | It's Tuesday, May 7th, 20, and this is Markets Daily, a show where we get into the minds of some of the smartest and most experienced investors, traders, analysts, researchers, |
| 1:04.6 | CEOs, and anyone with a smart or hot take, I'm Jen Sannessie, and today's show is going to be |
| 1:09.3 | a little different. We don't have a guest here. |
| 1:11.2 | We're getting into my head. |
| 1:12.6 | I have a hot take on AI tokens, and you're going to hear it in just a few seconds. |
| 1:16.9 | First, let's take a look at what's going on in the crypto markets this morning. |
| 1:20.1 | They're looking very similar to how they looked yesterday morning. |
| 1:23.6 | Bitcoin and Ether are roughly in the same place where we left them. Bitcoin was at around |
| 1:28.0 | $63,500 at 8 a.m. Eastern Time. And Ether was at around $3,100. Now, the Bitcoin Rebound is turning |
| 1:36.8 | some of those bearish analysts bullish again. There are reports on CoinDest.com this morning that |
| 1:41.8 | you can go and read that says that the rebound is spurring demand for out of the money call strikes and those are strikes that are well |
| 1:47.8 | above the going rate those are going for between 70,000 and 100,000 dollars so could bitcoin |
... |
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