Bitcoin Drops Below $39K; Donald Trump Pushes Back on CBDCs

It's another down day for Bitcoin and Trump pushes back on CBD CS. You're watching kind of daily. I'm your host. I'm A to sing. Bitcoin is trading under 39,000 Tuesday morning, reversing nearly all gains from the past two months carved out in anticipation of spot Bitcoin ETF approvals the largest Cryptocurrency by market cap recently hit a two year high of over $49,000 as spot Bitcoin etfs began trading in the US on January 11th coin as sources reveal FDX recently sold about 22 million shares of gray scales Bitcoin ETF which is worth close to $1 billion. Senior reporter Ian Allison Notes, the sale took F TXS G BTC ownership down to zero and happened after the gray scale Bitcoin Trust was converted into an ETF earlier this month. And former US President Donald Trump has doubled down on his opposition to central bank digital currencies at a rally in New Hampshire on Monday night. The Republican front runner said he would never allow the creation of a CBD C and credited former candidate Vivek Ramaswamy for the policy. That's it for coin desk daily. Get more updates on Coin desk.com and we'll see you next time.