Episode 449
📍 Coinbase is expected to report $1.8 billion in revenue for Q4 2024, its highest trading volume since Q4 2021, driven by a major crypto rally following Donald Trump's presidential election victory.
📍 Goldman Sachs disclosed ownership of Bitcoin ETFs, but analysts believe this represents its clientele, not the bank itself, and is likely a basis trade rather than a directional bet on Bitcoin's price.
📍 Bitcoin and Ethereum prices dropped after the US reported a 3% inflation rate in January, exceeding expectations and potentially reducing the likelihood of Fed rate cuts, which could negatively impact crypto markets in the short term.
