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With bitcoin back above $30K and analysts calling for a deeper correction, CoinDesk’s Market’s Daily is back with the latest news roundup.
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This episode is sponsored by Nexo.io.
Today’s stories:
First Mover: Bitcoin Newbies Get Volatility Lesson as Old Pros Lament FUD
A mixture of bearish price-chart patterns and ill-understood news items combined to cause bitcoin’s biggest price plunge since March, in a demonstration to market newcomers of the cryptocurrency’s notorious volatility.
Bitcoin worries ‘fading’ as crypto goes mainstream, S&P says (CoinDesk)
Guggenheim Chief Investment Officer Scott Minerd, who predicted bitcoin prices would eventually go to $400K, told CNBC Tuesday that he sees a possible retracement to $20K in the near term (CoinDesk)
Treasury Secretary nominee Janet Yellen offers U.S. Senate a more nuanced take (in writing) on cryptocurrencies (CoinDesk)
Georgetown law Professor Chris Brummer (who runs an annual conference on financial technology) tipped as potential candidate to replace Heath Tarbert as chair of the Commodity Futures Trading Commission, which oversees on-exchange cryptocurrency derivatives in the U.S. (CoinDesk)
European Central Bank President Christine Lagarde says pandemic still “poses serious risks” and that “in this environment ample monetary stimulus remains essential” (CNBC)
JPMorgan board holds CEO Jamie Dimon’s annual pay at $31.5M (Reuters)
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