Good morning. Here’s what’s happening:
Prices: This year will continue to be a challenge for crypto, but it’s possible that bitcoin will hit $25,000 says Tastycrypto Head of Digital Assets Ryan Grace.
Insights: In a news analysis, CoinDesk markets reporter Sam Reynolds explains why Asia is a more likely global hub for the evolution of digital assets.
Prices:
CoinDesk Market Index (CMI)
1,029
−2.5 ▼ 0.2%
Bitcoin (BTC)
$21,776
+22.3 ▲ 0.1%
Ethereum (ETH)
$1,505
−7.2 ▼ 0.5%
S&P 500
4,137.29
+46.8 ▲ 1.1%
Gold
$1,866
+3.4 ▲ 0.2%
Nikkei 225
27,427.32
−243.7 ▼ 0.9%
BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)