With BTC looking at gloomy short-term price predictions and altcoins on the rise, CoinDesk’s Market’s Daily is back with the latest crypto news roundup.

Add Markets Daily to your Alexa Flash Briefing here.

This episode is sponsored by Nexo.io.

Today's stories:

Analysts Are Gloomy About Bitcoin’s Short-Term Price Outlook Right Now

Some are now forecasting an extension of Monday’s 20% price drop as more bitcoin moves onto exchanges and institutional demand cools.

Goldman Sachs Exec Says More Institutional Investment Would Calm Bitcoin Volatility

The global head of commodities research, Jeff Currie, believes the amount of institutional money in bitcoin needs to grow to mature the asset.

Multiple Tokens See Rally Amid Looming ‘Alt Season’

Bitcoin and ether may be pulling back from their all-time highs but alternative cryptos are starting to see action.

ECB’s Christine Lagarde Says ‘Speculative’ Bitcoin Needs Regulation

In a speech at a Reuters online event Wednesday, Lagarde said bitcoin was a “highly speculative” asset.