Markets Outlook

With the price of BTC falling and a new report from JPMorgan on how big banks could push back against cryptocurrencies, CoinDesk’s Market Daily is back with the latest news roundup.Add Markets Daily to your Alexa Flash Briefing here.This episode is sponsored by Nexo.io.Today's stories:First Mover: Laser Eyes Can't Stop Correction as Bitcoin Tumbles to $53K  The news flow still looks bullish on bitcoin, but the market appears to have gone too far, too fast.Travel’s Covid-19 Blues Are Likely Here to Stay—‘People Will Go Out of Business’ (WSJ)Even skeptics may need to consider crypto exposure, according to the Wall Street Journal's Heard on the Street column. 

With the market cap of bitcoin breaking above $1T for the first time plus a look at the emerging asset class known as NFTs, CoinDesk’s Market Daily is back with the latest news roundup.Add Markets Daily to your Alexa Flash Briefing here.This episode is sponsored by Nexo.io.Today's stories:First Mover: Bitcoin Meets 'Torrent' as Lowly Binance Coin Gets $40B ValuationCryptocurrency exchange Binance's in-house BNB tokens have shot to a $40 billion valuation, ranking them third among digital assets behind bitcoin and Ethereum's ether.  What Are NFTs and How Do They Work?NFTs are unique assets that grant gamers and collectors full ownership over their digital items.Uber Drivers Are Entitled to Worker Benefits, a British Court Rules  (NYT)Bitcoin ($BTC) and Cryptocurrencies: Prices Surge But Understanding Is Limited (Bloomberg)Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

With the both of the top two cryptocurrencies setting new record high prices plus a look at what dogecoin says about our world, CoinDesk’s Market Daily is back with the latest news roundup.Add Markets Daily to your Alexa Flash Briefing here.This episode is sponsored by Nexo.io.Today's stories:First Mover: Who ISN’T Dabbling as Bitcoin Passes $52K, Ether Tops $1,900 The $8.7 trillion-asset BlackRock is "dabbling" in cryptocurrencies – becoming the norm as bitcoin and ether rally to all-time high prices. Emily Parker: Why We Should Take Dogecoin SeriouslyDogecoin's rise reflects the power of collective belief and a longing for a more ideal form of crypto.Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

With BTC surpassing $51K and analysts remaining bullish on the price, CoinDesk’s Market Daily is back with the latest news roundup.Add Markets Daily to your Alexa Flash Briefing here.This episode is sponsored by Nexo.io.Today's stories:What's Next After Bitcoin Hits $50K? Another $1K GainAnalysts are still mostly bullish on the cryptocurrency's price, even at lofty levels compared with those just a few months ago. U.S. Retail Sales Rose Strongly on Stimulus in January (WSJ)Ford Going Almost Fully Electric by End of Decade in Europe (Bloomberg)New York State Sues Amazon Over Worker Treatment During Covid-19 Pandemic (WSJ)Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

With BTC briefly breaching $50K as the industry's market cap passes $1.5T, CoinDesk’s Market Daily is back with the latest news roundup.Add Markets Daily to your Alexa Flash Briefing here.This episode is sponsored by Nexo.io.Today's stories:First Mover: Bitcoin Tops $50K and Crypto's Nouveau Riche Move InBreak of psychological threshold pushes largest cryptocurrency's year-to-date return to 70%, as a new breed of upstart tokens pushes industry market cap past $1.5T.SEC Signals a More Aggressive Stance Toward Wall Street (WSJ)Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

With bitcoin slipping after hitting a new all-time high around $49K and Canadian regulators approving a bitcoin ETF, CoinDesk’s Market Daily is back with the latest news roundup.Add Markets Daily to your Alexa Flash Briefing here.This episode is sponsored by Nexo.io.Today's stories:First Mover: A Bullish ($1 Million) Bitcoin Forecast as Year of Ox Begins ByteTree's Charlie Morris shows how bitcoin's price gets to $1 million by 2032. PLUS: JPMorgan hounded by own traders over absence in bitcoin market.JPMorgan employees have hounded senior trading-division management during internal "town hall" meetings over when the largest U.S. bank might get into bitcoin, CNBC reported.    CFOs Hesitate to Invest in, Handle Bitcoin Due to Volatility (WSJ)Sheila Bair Says Don’t Buy Bitcoin, It’s at ‘Nosebleed Levels’ (Bloomberg)Intent On Ban, India To Give Transition Time To Crypto Investors — BQ Exclusive (Bloomberg)EU sinks UK hopes of overturning shellfish ban (FT)Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

With BTC setting a new record above $48K and Mastercard implementing crypto payments, CoinDesk’s Market Daily is back with the latest news roundup.Add Markets Daily to your Alexa Flash Briefing here.This episode is sponsored by Nexo.io.Today's stories:First Mover: Bitcoin at Center Stage (and Record High) as Mastercard, BNY Go CryptoBitcoin's price hits new all-time high over $48,000 despite U.S. Treasury Secretary Janet Yellen's warning that cryptocurrencies are prone to illicit uses.

With the top two cryptos down on the day and a bitcoin supply squeeze seemingly in the cards, CoinDesk’s Market Daily is back with the latest news roundup.Add Markets Daily to your Alexa Flash Briefing here.This episode is sponsored by Nexo.io.Today's stories:First Mover: As Wall Street Fixates on Inflation Hedges, Good Luck Finding Bitcoin A wave of new bitcoin buyers is arriving just as easily obtained supplies of the cryptocurrency fall to their lowest levels in more than three years. Markets Don’t Think Biden’s $1.9 Trillion Covid Relief Is Too Much (WSJ)The end of the "Petrodollar" era could loosen the dollar's domination as the global reserve currency, according to a Reuters column by Mike Dolan. Collateral locked in decentralized-finance protocols closes in on $40 billion, up from just $1 billion a year ago, according to DeFi Pulse.Battered European Banks Signal Worst of Pandemic Woes Are Over (Bloomberg)Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

With the top two cryptocurrencies setting new all-time highs and analysts grappling with what Tesla's big buy really means, CoinDesk’s Market Daily is back with the latest news roundup.Add Markets Daily to your Alexa Flash Briefing here.This episode is sponsored by Nexo.io.Today's stories: First Mover: Elon Musk’s #bitcoin Bet Pays Off With $270M Gain on First DayTesla has forged a path that other corporate treasurers might follow into bitcoin. PLUS: Ether hits new record price above $1,800 as CME futures debut. Reddit Value Hits $6 Billion After Users Fueled a Stock Frenzy (Bloomberg)CME saw nearly 400 ETH futures contracts traded on first full market day (The Block) Stocks Tick Lower After S&P 500’s Record Close (WSJ)Blockfolio Apologizes After Racist Terms Posted in Portfolio App (CoinDesk)Diamond Prices Regain Their Sparkle (WSJ)Cardano, Polkadot Market Caps Surpass XRP as Some Bet on Alternatives to Ethereum (CoinDesk)Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

With BTC setting new all-time high prices, ether futures launching and Elon Musk announcing Tesla's purchase of $1.5B worth of bitcoin, CoinDesk’s Market Daily is back with the latest news roundup.Add Markets Daily to your Alexa Flash Briefing here.This episode is sponsored by Nexo.io.Today's stories:First Mover: Tesla Sends Bitcoin Mooning Past $44K as Snoop Wins #dogebowl Electric-vehicle entrepreneur Elon Musk follows through with a $1.5 billion purchase after adding "#bitcoin" to his Twitter profile late last month. Robinhood Traders Bash the App But Just Can’t Leave It. (Bloomberg)Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.