In this episode of the Crypto Daily Download, we dive into the latest developments in the cryptocurrency market, including Bitcoin’s impressive surge above $92,000 amidst geopolitical changes in Venezuela. We discuss how major cryptocurrencies like Ethereum, Solana, and Cardano are benefiting from increased risk appetite and market volatility.
We also explore the intriguing bets placed on the political situation in Venezuela, particularly surrounding Nicolas Maduro’s capture, and how these moves have impacted trading dynamics. Additionally, we highlight the significant outflow of funds from South Korean crypto platforms and the shift of trading activity to foreign exchanges due to local regulations.
Lastly, we cover Coinbase’s decision to sever its direct fiat ties to Argentina, affecting local users amid ongoing inflation challenges. Jane King with the latest from the NYSE.