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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin rises past $66,000 in the days following the network's fourth halving: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Nico Cordeiro, CIO of quant digital asset hedge fund Strix Leviathan, weighs in on bitcoin's performance following the latest halving and explains what will likely be the next catalysts for the crypto market.

Persons: explainers, Nico Cordeiro Organizations: CNBC Crypto, CNBC

☆ Bitcoin falls from $50,000 following hotter-than-expected inflation data
▼ + stars: | 2024-02-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

An image of bitcoin and U.S. currencies is displayed on a screen during the Interpol World Congress in Singapore on July 4, 2017. Cryptocurrencies fell Tuesday amid a broader market sell-off following a hotter-than-expected CPI reading. The day before, it punched through the $50,000 mark to its highest level in more than two years. "However, investors should expect longer term weakness if inflation continues to run hotter than expected, which tends to run counter to the dominant belief that bitcoin is an inflation hedge." He also said he believes bitcoin is not an inflation hedge but rather a gauge on liquidity within the financial system.

Persons: Cryptocurrencies, Bitcoin, Dow Jones, Nico Cordeiro, bitcoin Organizations: Interpol, Metrics, U.S . Bureau of Labor Statistics, Treasury, Reserve Locations: Singapore

☆ Ether is poised for an ETF approval in May, but the crypto’s price action may be subdued
▼ + stars: | 2024-02-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Investors expect the Securities and Exchange Commission to greenlight spot ether ETFs in May, but the price action for the crypto could be subdued compared to bitcoin's moves in the runup to its ETF approvals. That compares to the 55% surge bitcoin saw after BlackRock first filed its spot ETF application for the flagship crypto. Regardless, we see the spot ether ETF being less appreciated by the market." JPMorgan estimates a "no more than 50% chance" of spot ether ETF approval by May 23, the final deadline for the SEC to approve or deny the Ark/21Shares application . Schwenkler said any excitement leading up to potential ether ETF approvals will be "less speculative" and that a lot of it is priced in already.

Persons: Kenneth Worthington, Nico Cordeiro, there's, Owen Lau, Oppenheimer, Gustavo Schwenkler, Bitcoin, Solana, Schwenkler, — CNBC's Michael Bloom Organizations: Securities and Exchange Commission, JPMorgan, BlackRock, BTC, ETH, SEC, CNBC, Leavey School of Business, Santa Clara University, of Locations: Southern, of New York, bitcoin

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