MARKETS DAILY: Crypto Update | Why Bitcoin Is on the Rise, Briefly Breaking $35K

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CoinDesk

Business News, News, Daily News, Tech News

4.7 • 698 Ratings

🗓️ 24 October 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, explores bitcoin moves, U.S. GDP, crypto fund flows, privacy and more. Today's episode is sponsored by CME Group. Today’s Stories: https://x.com/EricBalchunas/status/1716529570759704832 https://x.com/SGJohnsson/status/1716477694261485980 GDPNow - Federal Reserve Bank of Atlanta CoinShares Fund Flows Nym Technologies Attracts $300M in Crypto Fund Commitments for Privacy Infrastructure - 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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0:43.9	Wondery, UK. That's audible.com slash Wondery UK.
0:49.6	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 Tuesday, October 24, 2023, and this is Markets Daily from CoinDesk.
1:04.7	My name is Noel Acheson, CoinDisc collaborator and author of the Crypto's Macronow newsletter on Substack.
1:17.1	On today's show, we're talking about crypto moves, US GDP, fund flows, privacy, and more.
1:26.1	So you don't miss an episode, be sure to follow the podcast on your platform of choice.
1:29.2	And just a reminder, CoinDisc is a new source and does not provide investment advice. Now, the markets roundup. Well, yesterday was interesting.
1:37.6	The climb and Bitcoin price that I talked about in the previous episode accelerated,
1:41.4	with Bitcoin briefly breaking above $35,000 for the first time since May of last year.
1:49.2	Back then, Bitcoin was on the way down as the collapse of the Terra Luna system was rocking markets.
1:54.6	Now, Bitcoin is on the way up, and there is more than one tailwind at work here.
1:59.6	I'll talk about those in a moment.
2:01.6	According to CoinDesk Indices, at 8 a.m. Eastern Time today, Bitcoin was trading at $34,540, up 13% over the past 24 hours.
	...

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