Feb 8, 2024

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest stories shaping the crypto industry today, as bitcoin (BTC) rallied to a four-week high on Thursday, nearing $45,000. A new research report from JPMorgan claims there is evidence that Blackrock and Fidelity’s spot bitcoin ETFs already have an advantage over Grayscale.

Video transcript

Bitcoin breaks out of its recent trading range and Dawn's legal woes drag on. Welcome to Coin Desk Daily. I'm your host, Jen Sasi Bitcoin rallied to a four week high on Thursday nearing $45,000. L Max Digital commented that the move from a technical standpoint means that Bitcoin has broken out of a range that could be looking for a push to a fresh yearly high through $50,000. Meanwhile, the Coin Desk 20 index which tracks the world's largest and most liquid cryptocurrencies is also trading nearly 4% higher. A new research report from JP Morgan claims there's evidence that Blackrock and fidelity spot. Bitcoin ETF S already have an advantage over gray scale when it comes to certain liquidity metrics linked to market breadth. Analysts say even though outflows from gray scales, G BT C slowed in the fourth week following approval by the SEC. The fund is expected to lose out to the newly created ETF S if it doesn't make a meaningful cut to its fees and do Kwon has won another chance to change his extradition from Montenegro. The appeal he received is likely a minor victory for the Terraform Labs, co-founder who initially won an appeal in November only for it to be overturned. Later, Kwon's former CFO at Terraform was also extradited to South Korea by Montenegrin authorities on Monday. That's it for Coindesk daily. Get more updates on coindesk.com and we'll see you next time.

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