MARKETS DAILY: Crypto Update | Why Are Traders Shorting Ethereum? With John Lo

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 14 March 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

The latest price moves and insights with Helene Braun and guest John Lo, managing partner of digital assets at Recharge Capital. To get the show every day, follow the podcast here. On "Markets Daily," host Helene Braun is joined by John Lo, managing partner of digital assets at Recharge Capital, to discuss Ethereum market volatility, outsized bitcoin funding rates, and DeFi's lagging growth behind the currency sector. - 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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0:58.6	It's Thursday, March 14th, 2024, and this is Markets Daily.
1:01.4	I'm Helene Braun, Markets reporter at CoinDesk.
1:03.0	Let's have a look at today's prices.
1:15.6	According to CoinDisc indices at 8 a.m. Eastern Time, Bitcoin was hovering near $72,900 after trading roughly flat in the past 24 hours. Ether fell over 2% in the same time period
1:22.3	to $3,950. Layer 2 cryptocurrencies provided a mixed performance following the Dancun upgrade.
1:30.8	In traditional markets, both the NASDAG and the S&P 500 fell slightly in yesterday's trading.
1:36.5	And in commodities, the Energy Information Administration lifted its 2024 brand price outlook
1:42.9	to $87 a barrel. Oil rose slightly on the news to $84.58.
1:49.0	Meanwhile, gold was trading at $2,167 an ounce. For more in the market's action, let's bring in John Lowe, managing partner of digital assets at recharge capital.
2:03.2	John, eth is down quite a bit today after the Dan Kuhn upgrade yesterday.
2:08.2	Is that surprising to you, or did you anticipate that?
2:11.8	I think Ethereum will always be more volatile than Bitcoin.
	...

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