MARKETS DAILY: Featured Story | Will the Next Bitcoin Halving Be Another Hype Cycle?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 24 January 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
After investors "sold the news" of the launch of bitcoin ETFs, market watchers are looking for the next event that could drive market prices.
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For today's episode, host Jennifer Sanasie reads a piece from CoinDesk's Daniel Kuhn, titled "Will the Next Bitcoin Halving Be Another Hype Cycle?"
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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| 0:00.0 | It's Wednesday, January 24th, 2024, and this is Markets Daily from Coin Desk. |
| 0:11.0 | I'm your host, Jen Sanasi. |
| 0:12.7 | Let's get right into the show. |
| 0:19.3 | First, I'll be passing it off to our producer Eleanor Paul to read out today's markets updates. |
| 0:26.0 | According to Coin Desk Indices at 8 a.m. Eastern time, Bitcoin was trading up 2.8% over the past 24 hours |
| 0:33.2 | at just around $40,000. Bitcoin had sunk below the $39,000 mark on Tuesday, |
| 0:40.3 | down almost 20% on its peak, |
| 0:42.3 | following the listing of the first spot Bitcoin ETFs in the US just two weeks ago. |
| 0:48.3 | Ether rose nearly a percent over the same time period, trading at $2,233. Solana and Avalanche led amongst the larger |
| 0:57.9 | crypto assets yesterday, with Seoul rising 9 percent and Avax up 13 percent on the day. |
| 1:04.6 | Today's mover in the Coin Desk Market Index is Synapse, ticker SYN, of 37 percent. |
| 1:15.2 | And in traditional markets, the NASDAQ rose 0.4% yesterday. |
| 1:22.2 | The S&P 500, up 0.3%, hit another milestone as it cinched a record high close, |
| 1:24.6 | its third consecutive day doing so. |
| 1:31.6 | And in commodities, the Brent crude oil benchmark was trading at $79.64 a barrel. |
| 1:38.0 | Meanwhile, gold was trading at $2,032 an ounce. Now, back to Jen. |
| 1:45.2 | Today I'll be reading a featured story by Coin Desk's Daniel Kuhn titled, Will the next Bitcoin Having Be Another Hype Cycle? |
| 1:48.8 | Now that spot Bitcoin exchange traded funds or ETFs are live in the U.S., market watchers |
| 1:54.7 | are looking for the next potentially bullish event to drive cryptocurrency gains. |
| 1:59.8 | Following the U.S. Security and Exchange Commission's long-awaited |
| 2:03.0 | decision to approve these financial products, Bitcoin's ETFs have simultaneously overperformed |
| 2:08.6 | and underwhelmed expectations, representing the pluses and minuses of a market-driven by hype. |
... |
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