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Crypto Update | Markets Haywire Amid SEC’s ETF Application Response and the ‘Natural’ End to a Long World Cycle

Markets Outlook

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Introduction

Bitcoin was up, but now it's back down sharply and so too is Ether. Bitcoin's price move up came on the back of asset management giant fidelity refiling paperwork for its spot Bitcoin exchange traded fund or ETF. The SEC told the exchanges that it returned the filings because they didn't name the spot Bitcoin exchange with which they are expected to have a surveillance sharing agreement. A listener sent in a question about stablecoins, which I will address during my first show as a main host for Market Staley next week.

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