00:00 Speaker A
Let’s get a check on cryptocurrencies brought to you by the National Cryptocurrency Association.
00:06 Speaker A
We see uh crypto gaining once again today. We’ve talked about stocks being on a winning streak. We have seen Bitcoin gain some momentum here, and you see this big movement up.
00:15 Speaker A
Um, some of the movement that we’ve seen today has to do with the consumer price index, even though it came in hot, the core number uh was a little bit lower than had been anticipated. So maybe some optimism that rate cuts are coming.
00:26 Speaker A
But that has been bound up with some of the bullish case for Bitcoin. It had been above 73,000, now pulling back a little bit slightly below that level.
00:34 Speaker A
And we’re seeing the other cryptocurrencies largely rally as well. As for the crypto stocks here, it is a more mixed picture.
00:41 Speaker A
Interesting to not see Robin Hood rallying along with Bitcoin, um because it has fallen so much this year along with Bitcoin prices. Coinbase also down Pa- Pa- uh PayPal, excuse me, is also down.
00:52 Speaker A
Uh but strategy is trading a little bit higher and then some of the miners that we have over here, some of the brokers are also seeing some strength. So a bit of a divide within the cryptocurrency world today.
01:03 Speaker A
Also circle shares up by 4.7%.
