MARKETS DAILY: Crypto Update | What's Behind Bitcoin's Weekend Rally? With Victoria Bills
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 12 February 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
The latest price moves and insights with Jennifer Sanasie and guest Victoria Bills, chief investment strategist at Banríon Capital.
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On "Markets Daily," host Jennifer Sanasie speaks with Victoria Bills, chief investment strategist at Banríon Capital, about expectations for Consumer Price Index (CPI) data, probability of a spot ether ETF and top tech stocks.
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This episode was hosted by Jennifer Sanasie. “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.
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Transcript
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| 1:00.9 | It's Monday, February 12th, 2024, and this is Markets Daily from CoinDesk. |
| 1:02.6 | I'm your host, Jen Sanassi. |
| 1:04.5 | Let's dive into those prices. |
| 1:20.3 | According to Coin Desk indices at 8 a.m. Eastern Time, Bitcoin was traded down slightly over the past 24 hours at $48,020, but up an impressive 11% on the week. |
| 1:25.5 | Bitcoin rallied over the weekend with analysts now eyeing the $50,000 level. |
| 1:29.5 | Ether didn't quite match the same rally, up nearly 5% on the week and down over a percent on the day, sitting at $2,489. Looking broadly, the CoinDusk 20 |
| 1:37.1 | is up over 7% on the week with all 20 tokens in the index in the green over that time period. |
| 1:43.8 | In traditional markets, the NASDAQ rose over 1% yesterday while the SMP 500 was up half |
| 1:50.0 | a percent, with both indices securing their fifth straight week of gains. |
| 1:54.0 | The S&P 500 closed Friday above the 5,000 mark for the first time in its history. |
| 2:00.0 | And in commodities, the Brent Crude Oil benchmark was trading at $81.36 a barrel. |
| 2:06.0 | Meanwhile, gold was trading at $2,020 an ounce. |
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