With bitcoin dropping below the critical level of $20K as MicroStrategy's Michael Saylor gets sued by the District of Columbia for tax fraud, plus a look at why speculation can be healthy for crypto, CoinDesk’s “Markets Daily” is back with its latest news roundup.

Today's Stories:

Stock Futures Edge Down Ahead of Jobs, Manufacturing Data

Sterling posts worst monthly fall since wake of 2016 Brexit referendum | Financial Times

BofA: Crypto Buying Momentum Fades as Investors Weigh Bear-Market Bounce, Recession Risk

Fed Paper Admits the Central Bank Can’t Control Inflation; Finger-Points at Federal Government | SchiffGold

Inflation as a Fiscal Limit

District of Columbia Suing MicroStrategy Founder Michael Saylor for Tax Fraud

Digital Dollar Project Plans to Explore CBDC Technical Solutions With New Sandbox

Featured Story: In Defense of Crypto Speculation

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code MARKETS20 for 20% off the General Pass. Learn more and register: coindesk.com/ideas

-

This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Crypto Update | In Defense of Crypto Speculation

Markets Outlook