MARKETS DAILY: Crypto Update | Would Lower Oil Prices Be Good or Bad for Bitcoin?

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CoinDesk

Business News, News, Daily News, Tech News

4.7 • 698 Ratings

🗓️ 1 December 2023

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, explores the crypto market rally, energy prices, how oil prices impact bitcoin and more. Today's episode is sponsored by CME Group and Harpie. To get the show every day, follow the podcast here. Today’s Stories: Bitcoin Rises to $38.8K for the First Time Since May 2022 Bitcoin - Monthly Return GDPNow - Federal Reserve Bank of Atlanta China’s Xi Seen Delaying Key Economic Plenum, Defying Norms - Bloomberg - 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. - Harpie is the most advanced on-chain security solution for monitoring and protecting your crypto wallet from theft in real time. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Secure your wallet for free at harpie.io. - 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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0:00.0	This episode of Markets Daily is sponsored by CME Group and Harpy.
0:09.1	It's Friday, December 1st, 2003, and this is Markets Daily from CoinDesk.
0:16.4	My name is Noel Acheson, CoinDesk collaborator and author of the Crypto's Macrono
0:20.8	newsletter on Substat. On today's show, we're talking about the crypto market rally, energy
0:25.9	prices, how they impact Bitcoin, and more. So you don't miss an episode, be sure to follow
0:35.5	the podcast on your platform of choice and turn on notifications.
0:39.2	And just a reminder, CoinDisk is a new source and does not provide investment advice.
0:44.8	Now, a markets roundup.
0:47.8	December is starting off positive in crypto markets.
0:51.7	Earlier today, Bitcoin reached its year-to-date high of $38,800.
0:58.6	Ether briefly passed above $2,110. According to CoinDesk indices, at 9 a.m. Eastern Time this
1:05.6	morning, Bitcoin was trading up 1 and 3 quarters of a percent at $38,357.
1:13.6	Ether was up 2.5% trading at $2,080.
1:18.6	Elsewhere, Avalanche was up 6.5%,
1:21.6	Lido Token was up almost 6%.
1:23.6	Pocodot was up almost 5%.
1:26.6	According to Bitcoin Monthly Return.com, the largest crypto asset by market cap climbed 8.8% in November,
1:34.5	higher than the average November gains since 2014 of 6.4%.
1:39.9	In case you're curious, the average December gain over the same period for Bitcoin is almost 9%.
1:46.8	In macro matters, Federal Reserve officials are trying to dampen the market's expectations of rate cuts by May 24.
1:56.7	Several central bankers have been out in public over the past few days, stressing that a pause is warranted, but that rate cuts are not being talked about.
2:06.4	It doesn't seem to be working.
	...

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