The bearish price action comes ahead of the Federal Reserve’s expected interest rate hike on Wednesday afternoon.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

Binance Says It Intends to File Motion to Dismiss CFTC Complaint

Judge in FTX Case Mulls Gag Order on Contact with Media

Crypto Miners Are Pivoting to AI (Like Everyone Else)

Ghost From the Well: Is Crypto Mining With Associated Gas Better for the Environment?

The Single Most Important Truth About Bitcoin Mining, Energy and the Environment

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch 

First Mover Americas: Bitcoin at $29K Continues to Trade Near One-Month Low

Fed Preview: Crypto Observers See Powell Keeping Door Open for Rate Hikes Beyond July

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Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

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This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.