With the top two cryptos down on the day and a bitcoin supply squeeze seemingly in the cards, CoinDesk’s Market Daily is back with the latest news roundup.

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This episode is sponsored by Nexo.io.

Today's stories:

First Mover: As Wall Street Fixates on Inflation Hedges, Good Luck Finding Bitcoin 

A wave of new bitcoin buyers is arriving just as easily obtained supplies of the cryptocurrency fall to their lowest levels in more than three years. 

Markets Don’t Think Biden’s $1.9 Trillion Covid Relief Is Too Much (WSJ)

The end of the "Petrodollar" era could loosen the dollar's domination as the global reserve currency, according to a Reuters column by Mike Dolan. 

Collateral locked in decentralized-finance protocols closes in on $40 billion, up from just $1 billion a year ago, according to DeFi Pulse.

Battered European Banks Signal Worst of Pandemic Woes Are Over (Bloomberg)

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