Jan 5, 2024

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines shaping the crypto industry today, including an update on bitcoin's (BTC) price action following reports that a spot ETF approval in the U.S. could happen soon.

Video transcript

Interest for a spot. Bitcoin ETF goes into overdrive and Celestia Tia bucks the muted market trend. I'm Jennifer Sasi. You're watching Coin desk daily, Bitcoin has recovered almost all losses from Wednesday's flash crash after reports that a spot ETF approval could happen soon. Bloomberg ETF analyst, Eric Balchunas said the SEC was providing final comments on the applications with prospective issuers then to update their filings accordingly. This comes as the US December Jobs report was better than economists expected with jobs rising 216,000 last month, the unemployment rate remained unchanged at 3.7%. Celia's Tia Token rose as high as 22% in the past 24 hours. As investor interest in staking Tia gains steam along with more interest in the blockchains underlying tech sting Tia on native platforms is yielding between 15 to 17% annually minus fees to users. Boosting demand for the Cryptocurrency. There are also expectations of future airdrops to stakers from projects building on the Celestia Blockchain and the price of Ether could jump in the coming weeks as bankrupt crypto lenders, Celsius says it will uns stake its holdings of the second largest Cryptocurrency. The firm has been selling staking rewards on the open market to cover costs associated with its reorganization plan. While the staking rewards may not cause a large amount of ether sales, it may have contributed to negative sentiment for the token. That's a wrap for coin desk daily. Get more updates on coindesk.com and we'll see you next time.

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