Bloomberg Daybreak Middle East. Live from Dubai, connecting Asian markets to the European opens. The show will focus on global macro issues with a middle eastern context, provide expert analysis of major market moving stories and speak with the biggest newsmakers in the region.
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We join a group of filmakers from Germany as they seek out a shy schoolboy in the Philippines who harbors dreams of escaping poverty through surfing. After that we take a look at a unique hotel that offers surfers everywhere the perfect way to sample the waves in comfort, even in remote locations.
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Transcript ‘Zero’ Episode 2: Why Venture Capital Is Crucial to the Climate Fight
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The Tricky Business of Calculating Crypto’s Market Value
Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. If someone forwarded this to you, sign up here. In today’s edition, Michael P. Regan takes the temperature of the crypto market:
There’s that number again: $20,000. After its worst ever drawdown in market-cap terms from a high last November to an 18-month low in June, Bitcoin has done … well, not much of anything. A sleepy summer has seen the largest and oldest cryptocurrency fluctuate aimlessly, trading roughly between $19,000 and $25,000 and frequently landing back in the vicinity of that round-number level of $20,000.
In a glass-half-full reading of the price action, this could be seen as good news. At least the bleeding has stopped, and the trading range corresponds with a change of tone in crypto news flow. The headlines are way less hair-on-fire than they were in the spring as the failure of the TerraUSD stablecoin project infected various corners of the market. Crypto reporters are back to writing about stuff like new leveraged exchange-traded funds targeting the industry’s stocks, Bitcoin and Ether futures denominated in euros, or how Eminem and Snoop Dogg performed as their Bored Ape avatars at the MTV awards.
