Crypto Update | Bitcoin’s Dollar Correlation Wanes, DeSantis Says ‘Not Happening’ to CBDCs

Bitcoin's negative correlation with the U.S. dollar index (DXY) is an indicator to watch before the Fed’s upcoming meeting.

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ABOUT

Today's episode is sponsored by Kraken Pro.

Today's Stories:

Ron DeSantis Promises to Ban CBDCs if Elected President

Florida Governor Ron DeSantis: ‘Bitcoin Represents a Threat to the Current Regime’

Coinbase CEO Brian Armstrong to Meet House Democrats About Crypto Legislation: Bloomberg

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

Monday, July 17, 2023 - by Noelle Acheson

Bitcoin Cannot Remain Indifferent to Dollar Index for Long: Analyst

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Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

HOST

George Kaloudis

George Kaloudis was a senior research analyst and columnist for CoinDesk. He focused on producing insights about Bitcoin. Previously, George spent five years in investment banking with Truist Securities in asset-based lending, mergers and acquisitions and healthcare technology coverage. George studied mathematics at Davidson College.