the second thing is the bitcoin harvest.at is where the bitcoin miners get rewards for mining are slashed in half. that is a way to keep a lid on inflation in bitcoin, but reduce the amount of supply which creates scarcity. and every four years, you see price action to the upside. there is a little bit of that. the big question he for me is whether is propelling bitcoins to all-time highs in last few cycles is the retail investor driving this higher as the frenzy as the price continues to rise, draws in investors. the question is how scarred are the retail investors after what we have seen with ftx and after 2022. will they be confident enough to dip their toe back into the water and will that be enough to propel bitcoin back to the all-time highs which were near $70,000. >> combined with the fact that the retail investors are facing economic pressure separate from what is happening in creypto markets and the experiences in the past and there is concern we could head to the recession in the u.s. where the bulk of the retail

, pay with these bitcoins and even import some specific goods, if someone sold it to you. should not penetrate into internal circulation, when we talk about the fact that this is different nationally... how do you feel about this class of assets? yes, it’s normal, i in general, i treat everything that science throws at us, technically, it doesn’t scare you that you are playing a game, the rules are not set by you, but you don’t even know them completely, well, because here are the course jumps, let’s go here smoothly for a specific example of bitcoin, which everyone calls digital gold, but i really do. i was very happy about this story, because when i was studying just stories, i think, this is how people lived during the era of tulip fever, and i think, well, how could this happen, this is the whole story unfolded just before my eyes, i read this every day for the sixteenth, seventeenth, eighteenth year, the very dawn , well, remembering the era of this digital gold in quotes, yes, when it was accelerated to 20,000 dollars per bitcoin, then it fell to ten, then it fell th

i'm quizzical about bitcoin. it's an asset with no evident intrinsic value whose price is set purely by the demand and the supply in the marketplace. i would guess you're going to answer me in the affirmative here, that the reason bitcoin is rising in price is the anticipatory demand that's coming if there are bitcoin etfs, because it will widen the market so much, that it will be have access to it. >>. >> we think since it was created in 2009, 80% of wealth in america hasn't historically had access to bitcoin, so we think the upcoming spot of etf may be a huge influx of demand. >> black rock has an application out there, wisdom tree probably has one, there are probably others what will the etfs actually own, fill bitcoin it's not fill, it's digital. >> yeah, they etfs will own the underlying bitcoin itself. that's exactly why we think it's so bullish for the price of bitcoin, because you'll have this constant influx of demand on bit counsel as an asset, so it will hold the underlying assets that's why people are

bitcoin jumping as much as 8% earlier today, crossing 30,000 as the path to a spot bitcoin etf looks now. it is off the highs and we are just over 28k at the moment and bernstein writes that bitcoin's growing legitimacy and strong value proposition now put it on par with gold as the safe haven trade, but illegitimate and criminal uses continue to plague crypto. the wall street journal saying that hamas, even as the israeli government punishes to freeze accounts. former cftc chair and harvard kennedy school research fellow timothy massad. great to have you. welcome. >> thank you for having me. >> bring me up to speed on whether you are thrilled, excited or horrified at the idea of having a spot bitcoin etf out there? >> well, i guess it was coming. i had hoped, frankly, a couple of years ago that the sec would take advantage of the position it was in because it had approve the futures etfs, but hadn't approved the cash etfs as long as the prices come from exchanges which meet the following standards and it would have been a back doorway of regulating the platforms by saying you have t

i want you to pay attention to bitcoin. it's up 15% in just the last 24 hours, close to $34,000 a coin starting north of $35,000 a coin a coin. it's 18% on the line. we don't know what we are following, good to have you with us. i want to thank david asman and ashley webster, we mentioned bitcoin. kenny follows all these investment strategies and whether one is doing better than the other. stocks having a good day. what do you make of bitcoin? kenny:talking about what's coming out. it's not going away. i'm excited about it, a little tiny bit of it, not enough. i am in. you have to play this long-term, can't go all in. you have to feather your way in and take advantage of what happens. lauren: 1 he briefly got 5%, now down to the mid 80s. i think once the appetite is reframed a little bit, to go higher. >> they talked about closing up, rates are a little higher, bonds have more to go, it is 5%, a tipping point, makes sense to put more money into bond. neil: that make sense. kenny:this is normal. 5.5, 6% is really the normal

how many bitcoin?ant data points i saw recently that opened my eyes was tlt from the high in 2020, 2021, is down about the same where bitcoin is. bonds were a flight to safety. some are buying them, but there are others given bitcoin, a finite asset, where you get price appreciation. >> anthony, what washington does is very, very important. if it weren't, there wouldn't be so many bitcoin enthusiasts trying to do so much to spend money there and try and influence, like a sam bankman-fried or anybody down the line, what washington decides does matter. and i would think that having them decide something would be helpful. just rules of the road, would probably -- >> so, i think the companies that deal with bitcoin or cryptocurrency, they care what washington is doing. they're the ones spending the money. bitcoin is a decentralized protocol. they don't even have a team behind it. i think the companies very much care, and they are lobbying and trying to get these clarity of rules and try to push this forwar

rock's application for a spot bitcoin etf.s is driving bitcoin. >> it is, and another leak. a leak that was taken down, but, yes, i think it's a matter of time before you're not only able to trade futures but you're also able to trade the spot. i think that's why you saw the reaction that you saw today. i would also let it be known that gold has actually been rallying as well. and i just think the macroeconomic and geopolitical situation that we have going on, the entire for a flight to quality, and something to combat inflation is likely another reason why you're starting to see a bit of strength in the cryptocurrency. >> 28,000 and something for bitcoin is 30,000 the next stop, guys or easy? >> it ticked up there today. >> oh d it? >> yeah. >> the first thing i would say aid a about bitcoin is it's remarkable, some of the headlines and politics, and even some of the fallout still coming from ftx and whatnot. but you're right, every reason why the market wants to buy gold, they should be wanting to buy bitcoin, and the other

. you're using bitcoin.oubt you criminal watching, i doubt you are. we don't have criminals watching news, if you watching gb news, but if you are, watch with me now is are, watch out. with me now is my tessa my panel of broadcaster tessa dunlop editor of dunlop and deputy editor of conservative home henry hill. tessa bitcoin financing and criminality. hundreds of millions washing about is this something we should be concerned about? >> well, it's interesting thing because i think twas ever thus in terms of financial security. in the early 19th century, we were very reluctant to convert to paper money. heaven forbid we'd much rather be weighed down with our gold and singer and our jingles and our jangles. >> and in fact, america were very late to adopt paper currency. it was took the civil war, i think, the american war, i think, for the american to adopt it. so there will to state adopt it. so there will be teething problems. there are loopholes, i thought loopholes, but i thought actually lila made a great

i personally think that the bitcoin price action is the least interesting aspect of bitcoin.ave more much profound impact on our daily lives. ed: amy, this is why i'm so excited to have you on the program. you can see it as bitcoin as a currency and the blockchain technology, what makes it secure, if bitcoin has this up toward trajectory, $35,000 now. sonny sing was on talking about above $100,000 at some point next year. does that help the technology become accepted and utilized in societies around the world? >> that's absolutely right. every time we have a bull run, more and more people find out about the technology. it's the price action that gets people drawn in. but once they come into the space, they learn about the technology that really has the potential to reshape the foundation of the internet and return it to its original vision of being a free and fair marketplace for ideas as they say, bear markets are for builders and we have been in a bear market in may of last year. and during that time, a tremendous amount of building has happened and now, i would say that de

trust into a spot bitcoin etf. $29,461, a gain of 2.8%. on monday, this brings up the question, how close are we, truly, to to a spot bitcoin etf, and how would bitcoin move if and when that were. to happen? mike novogratz joins us in a fox business exclusive right here on "the claman countdown," 3 p.m. eastern on monday. >>> the comparison between the hamas slaughter of jewish civilians in israel october 7th and the nazi holocaust which claimed the lives of 6 million jewish innocents cannot be ignored. coming up, the son of a holocaust survivor and know well peace prize -- nobel peace prize winner elie wiesel is here. what is the answer to the anti-semitism raging across american campuses right now? and with iran funding hamas and hezbollah, republican congressman dan meuser of pennsylvania pushing his plan to freeze $6 billion earmarked for the rogue nation. plus is muser going to step up as the house strug therings to find a speaker? we are 27 minutes before the closing bell rings. right now the dow 30 down 228

with that said, it doesn't have to be the case with bitcoin.ere are a few things going on with bitcoin that override that. i would say that is the bitcoin etf. we don't know when he that will be launched. we know it will be approved at some point. a lot of investors will probably try to front on that. that is why with we are seeing the price move higher over the last couple of days. there is the bitcoin event which is expected to be in april of next year. that is when the block reward for miners when they create the supply gets cut in half. the reward will go down for bitcoin. it makes it a scarce commodity for the miners. it is a self fulfilling prophecy that it runs als up after the e. that weighs the macro things going on right now. it hasn't been tested in a higher interest rate environment. you have to consider rates coming down. >> we're up against the clock. i have to cut you off. jonathan hobbs, thank you. thank you for joining us on "street signs." we leave you with a look at u.s. futures. i'm julianna tatelbaum. >> and i'm joumanna be

maria: adam i want to ask about bitcoin, crypto, bitcoin topping $35,000, first time since may of 2022 prices doubled this year, currently up over 104% year-to-date. this is another area where you look at the market and some corners it's flat and then you have these outsize returns in some areas like bitcoin. >> i tell you what's happening. it looks like the s.e.c. gary gensler democrat appointed s.e.c. chair who has been doing a cram-down on bitcoin because he couldn't control it, it looks like he's going to finally relent and the s.e.c. is going to allow potentially allow bitcoin to be used as an a etf. so all of a sudden now you bring in a whole new group of buyers. if there's an etf, you don't have to buy bitcoin, you can buy the etf and it won't be just bitcoin but it will be all the different cryptos and the key is the s.e.c. is going to say well, maybe crypto is actually a currency. it's not a security. so it's okay to put it into an etf and allow retail investors to buy it. that's what's pushing it. maria: the cryptos are way a down from their highs. do i really want to buy an

elizabeth: we have a stock rally in the bitcoin valley.higher by 5% but it was much higher do you see that spike on the screen at 9:30 a.m. eastern the crypto currency jumped 10% after the news outlook coin telegraph incorrectly reported the sec had approved the i shares bitcoin spot etf fox business reporters reached out to blackrock and the first to debunk the report, the outlet has since issued an apology but what does blackrock say about this and why there's so much eagerness for a spot bitcoin etf, joining us in the first interview since the strange story in the drama around bitcoin this morning'o lk along with charlie gasparino. when did you hear about this rumor. >> i was busy all day i probably heard an hour ago. >> my producer broke the story that it was not real, it's wishful thinking. >> is this what it's all about. >> i cannot talk about the specifics of anything but it's an example of the pent-up interest in crypto and we hear from clients around the world about the need for crypto. i think some of this rally is way beyond the

more people are getting used to bitcoin, finding out about bitcoin, it's going rapidly.number of people using crypto. playing up all that happened in the market, the market is going strong, they don't believe in the fundamentals. those are the people who don't. stuart: we will watch what happens. we are on the verge of it right now. that would reduce the supply, doesn't always happen. we will have more after this. l] and doug says, “you can customize and save hundreds on car insurance with liberty mutual.” he hits his mark —center stage— and is crushed by a baby grand piano. are you replacing me? with this guy? customize and save with liberty bibberty. he doesn't even have a mustache! oh, look! a bibu. [limu emu squawks.] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ this is american infrastructure. megawatts of power, rails and open road, and essential services of every kind. all running on countless invisible networks, making it a prime target for cyberattacks. but the same ai-powered security that protects all of google also defends the systems r

ed: let's have some more bitcoin chat, caroline.guest is so confident about the growth of crypto, he is predicting bitcoin will only preach its $69,000 high at some point next year but go beyond $100,000 per token. here in the studio, the cofounder and ceo, the new company, beluga, which raised $4 million which we will get to. why so confident? what are you basing this call on? >> it's great to have young again. when has become resilient. you see it go up while the markets are going down and exterior we have what i would say is a perfect storm. three things happening, the bitcoin etf which you are talking about, sec is going to relent on this one, delay as much as possible, but by q1-q2, you will have an etf live. then you will have interest rates hopefully coming down next year too and third, the most important, the bitcoin having happening in april. normally after that, four to six months after, you see the bitcoin price rocket. last all-time high was six to $9,000 after the bitcoin having four years ago. i think we take that out

allowed a futures bitcoin to trade already. that a spot and futures bitcoin were the same products.proved one, you have to approve the other one. so the s.e.c. is in a pickle. they are allowed to request a rehearing on this, but the federal rules of appellate procedure states that the s.e.c. would have to convince the court that they have overlooked something or misapprehended the facts in the case. that's a high bar. given the ruling against the s.e.c. was unanimous, it's tough to imagine the s.e.c. can come up with some new and novel reasons to turn gray skill down that hasn't been heard by the court before. so it's a problem. should they decide not to appeal, then there they will likely be forced to convert the bitcoin eft. and it's possible they will approve all the other bitcoin applications, as well. there are eight other applicants in line. so we'll be talking with cathie wood on monday, talking about the new company she just bought into in europe. she'll give us her opinion on this bitcoin etf. but one thing i would note here is bitcoin has been sideways for several months,

[000:00:00;00] the foundation can be traced to pricing, then there is no foundation in bitcoin, everyone ran, bought, it grew, everyone decided that oh, everything was gone, there, the regulator or someone else spoke, yes, there, some talking head said , like at the beginning of the year, yes, the government, the financial one in the person of elvira sakhibzarna, said that the central bank of russia has a very negative attitude towards the idea of ​​​​introducing bitcoin, and thereby provoking a collapse in the price there by 10 to 15 percent, from our ministry of finance, who saw the problem with bitcoin only as in order to pay taxes, here is our head of the central bank, she saw precisely the danger in the fact that bitcoin, this is great, by the way, we can do the same here, we need to go back for a second to the digital ruble, still say that there is no such thing everyone won’t be able to mine the digital ruble , this is probably it, this is the bridge, the currency of the central bank can only be mined by the central bank, the question here is that the security of this platform is

we are watching bitcoin. bitcoin partying like it is july. above $30,000. $34,070. up 9% this morning. sharp move to the upside. the price of bitcoin has doubled so far this year up 105%. much more on this big move to the upside when it comes to cryptocurrency coming up later in the show. >>> we will turn attention back to stocks and the rate shocks ripple effect across portfolios all over wall street. yields may take a breather this morning. "fast money" reports a bit stop on the way to 5.5%. >> the highest point in the yield curve is six-month bills at 5.5%. if we invert the yield curve and we are destined to do that and it has to go to 5.5%. the fed has said they are higher for longer. >> joining me now is chief global strategist jay woods and joanna gallegos. >> i think it is hard to predict rates for anything who will try to have a hard time doing that. the important point is that fixed income and yields have been sky rocketed since the fed started raising rates and we know it will be higher for longer. how should investors think about this right now? if you ar

we are up by 1.1% for bitcoin.here was some buying yesterday so is it profit-taking or it looking toward the trial to sam bankman-fried? we know he is facing charges that he swindled aliens of dollars from his crypto platform. -- he swindled billions of dollars from his crypto platform. tell us exactly the state of play we anticipate today. kailey: today it's all about jury selection. this is just one step in what could be a trail that plays out over the coast of the next six weeks. they are looking at potential jurors and vetting them. they have dismissed the number already and we understand the judges is hoping to finish today. if not, maybe tomorrow and once the jury is set, it will get into the argument phase of this case. he is facing a number of charges related to fraud and money laundering, seven in total and if convicted, he could spend the rest of his life in prison. we could be looking at a sentence of over 100 years. he has plead not guilty but over the course of this trial is when we will see a lot of t

bitcoin 34,000. president biden says bidenomics has been a success. >> president biden: investing in america. investing in the american people. investing in our future. i have never been more optimistic about america's future. stuart: later in the show we will see what senator bill cassidy think of that, he's on the finance cody. autoworkers on strike in los angeles. what are they doing? hiring migrants from the homeless shelter. we are all over that one. the pentagon says it will hold iran responsible for attacks on american troops. how exactly will biden hold iran accountable? senator joni ernst on that next. ♪ american infrastructure. megawatts of power, rails and open road, and essential services of every kind. all running on countless invisible networks, making it a prime target for cyberattacks. but the same ai-powered security that protects all of google also defends the systems running america's infrastructure. for these services. for the 336 million of us living here. ♪ the last eight years

i was so surprised. >> reporter: a 28-year-old secret bitcoin billionaire.s, wild parties and dark secret. >> just surreal feeling and jimmy there were no limits. >> reporter: this is the story of one of the biggest crypto heists of all time. >> he's living this party monster lifestyle, and with no visible means of support. >> right. >> reporter: with clues dating back to the earliest days of bitcoin itself. in a story that reveals a dark truth about the hackers and coders who created crypto currency in the first place. huge amount of bitcoin is leaking out of the system and you have no idea where it's going. >> it's a huge question. >> reporter: and the man who could have gotten away with it, except for one phone call that led to an abrupt end to a nearly decade long manhunt. >> clark county 911. what is your name sir w. it's jimmy zhong, z-h-o-n-g. >> that's just a sneak peek in this documentary irs criminal investigation the agency that investigated the case takes us behind the scenes and shows us how they cracked the mystery here. we also get a detailed

the difference between bitcoin and bitcoin futures. happening they begin to realize what story is. by the time the ethereum futures come out, we've been around the block and just like most advisors aren't recommending futures in stocks, they're not recommending futures in crypto either. >> gary gensler has been a vociferous opponent of bitcoin etfs, less to a week to appeal this warning. the court ruled he approved bitcoin futures. he's got to appeal that or not this week. what's he going to do? any sign his opposition to crypto is crumbling? will we get a spot etf? >> we will, only question is when. some are optimistic it will happen this month or next. others believe early q1 of next year. some say not until gensler is out of office. he still doesn't like crypto and the only one who seems to fail to understand that addition of a bitcoin etf improves consumer safety. everyone gets it except him. >> that is the key argument. rick will have a lot more at 1:10 eastern time joined by holly, the capital group director of etfs one runs of t

over the past week , the bitcoin rate has increased by almost 10%.l, earlier analysts said that bitcoin would continue to grow until the spring of next year, and by the beginning of the twenty-fifth it could at least double. the eurozone economy risks entering recession before the end of 2023 due to a decline in business activity in key sectors. bloomberg reports this. according to analysts, the business activity index in the region dropped to 46.5 points at the beginning of the fourth quarter. this value became the minimum indicator for the last 3 years. the threshold level is at 50 points and a value below this level indicates a decline in business activity, and above it indicates its growth. the international energy agency spoke about the timing of the peak in global oil demand before the end of this decade. according to the organization's baseline scenario, by the end of 2020 the global community will consume up to 102 million barrels of oil per day. well, by the middle of the century, volumes will decrease to 97 million. at the same time, in the

bitcoin's up about a quarter of a percent to $28,488.% to $1,562. ferrari plans to allow crypto payments in europe starting in the first quarter of next year. joining me now in a fox business exclusive, ceo benedetto vigna. i've got to hear, benedetto, about the demand that you say you have seen. and it's not just from customers, it's from the dealers too? >> yeah, this is true. u.s. is a very important market for us, and we listen a lot to the leader, we listen to the client. and you said it, we -- for us, it's all about speed, it's about leading the market. so we wanted to address the clear request if our clients because especially the new client considering that 40% of new client are younger than 40 years old, some of them is cryptocurrency. we want to make life easier for them. liz: and they want to spend some like on this car. this is a live picture of the 296 gtb, and and it's about $338,000 to start? >> yeah. it's not spending, it's investing. liz okay, oh! [laughter] you're a good sales guy. let's put you with on the screen with

. >>> and bitcoin's wild ride.n on an apparently false report of an approved etf. we'll talk about what's next for the cryptocurrency with investor mike novogratz. we'll talk macroeconomics and everything else. the final hour of "squawk box" begins right now. >>> good morning, and welcome back to "squawk box" on cnbc, live from the nasdaq. u.s. equity futures are in the red, a little bit of selling pressure this morning. you can see down about 80 on the nasdaq, 17 on the s&p. treasury yields once again kind of casting a pall over the markets. you would think with the 10-year near -- how long it's been, i think it's 2006 we had been saying -- >> to for the 2-year. >> the 2-year. >> we had been saying 2007. >> but who's counting. 5.18% on the 2-year. crude has kind of been well behaved, but when that happens, it makes you wonder about the global economy. if it's not a supply issue, maybe it's a demand issue. 8 88.50 is not cheap. >>> morgan stanley beating profit and revenue expectations for the third quarter. better

a special guest, bob. >> on a spot bitcoin e tf. ark invest ceo cathie wood.to be forced to approve a spot bit coin etf. what conversations have you had? >> it was publicized and disclosed last week that we had responded to the request for information around our bitcoin filing. and we responded and that's basically all we can say. i think many people think the fact that the fed -- i mean the s.e.c. chose to ask questions is a change in behavior and therefore i do think hopes are rising that a or a number of bitcoin etfs will be approved. >> my understanding is the court now is going to issue a mandate about how to enforce their decision here to the s.e.c. and they're going to basically follow that mandate, everyone is assuming at this point they'll probably approve most of the bitcoin etfs by the end of the year. >> right, i do believe maybe the reason they're saying by the end of year, early next year, our final deadline is january 10th and i think we're first in line and as you say, a number of -- a number of bitcoin etfs could be approved at the same time.

bitcoin's rally was first sparked by the excitement we've seen for a bitcoin etf but also action goinghat's having an impact. the cryptocurrency popped above $35,000 this week. that was for the first time since the industry saw a meltdown last summer. it has been climbing past that $30,000 level in the past couple of weeks thanks to hope that a bitcoin etf would be approved. the s.e.c. declined to challenge a court decision against gray scale investments. they are trying to convert publicly traded trust into an etf. you have blackrock and fidelity with a bitcoin application out there. investors say the abrupt spike higher this week is likely due to action going on in the options market. short covering by traders who bet against bitcoin, they have to buy back that cryptocurrency. that's sparking the rally. bitcoin has seen $250 million in short liquidations in the past day or so. crypto stocks getting that boost. coinbase is listed as a partner in a lot of these etf applications. back to you. >> microstrategy, absolutely. of course, we haven't talked to michael sailor in a little bit. t

bit of bitcoin, yes, just for fun.him, he wouldn’t said the account number, he specially gets a job at the school to keep an eye on demina and waits for the moment to kidnap him. if this were so, vlad would not have left duty, he is just counting on logic like yours, you know, well, he has an alibi, marina, a second, marina is not an alibi, marina is accomplice, of course, she will say all the way that they are together , we need to arrange a match, that’s it, then they will admit, listen, vlad, a computer nerd, but kidnapping is violence, this is a different psychotype of a criminal, a different way of action, different logic, listen, he doesn’t make any fuss about whether it’s violence or not, he simply extorts money, just as easily as he stole it from bank accounts, i ’m trying to explain to you that stealing money from accounts while sitting at a computer is not it's the same as kidnapping a person, it's like a computer game of football, real football. hockey, what hockey? we have hockey, masha , not football, tell

why bitcoin is popping. yields are up. things are little better but i walk in and i look at the bloomberg terminal, 8.04% on the bankrate 30 year mortgage and we are subtly -- solidly in a percent -- 8%. lisa: we have seen this incredible fluctuation, 20 basis points in a couple days in the long end of the yield curve and people say volatility cannot continue or can it. they are forgetting the levels. it causes a different reality for people financing the nuts and bolts of their businesses and their lives. tom: economic analysis with bramo. the media wants to go, they going to die. microsoft was like a charm. if -- this is exactly what we were to see, microsoft is on target. lisa: the fact that you had two but he lives comprising 10% of the entire s&p index coming out and you had microsoft blown out of the water, google disappointing on the same metrics which is cloud computing. microsoft winning and google losing and it shows the dispersion we haven't seen before and everything was in line and suddenly you

with adopting bitcoin which would be bullish if that happened. think there are two fundamental stories behind this move. one, the depository trust corporation, ddtc, has now gotten a filing from blackrock to be the custodian for their spot bitcoin etf. that doesn't mean it was approved but soundings like blackrock is getting ready for it to be approved. tom emmer is starting to emerge as possibly the next speaker of the house. he is about as pro-crypto as you can find. he might be the next speaker of the house. combine those two things together, those technicians talking about the god candle, you had a spectacular 24 hours in cryptocurrencies led by bitcoin. charles: what is really interesting, all the bitcoin fans, that you normally see around this time, they haven't been around. i think they were even caught flat-footed. this is sort of, feels more organic if you will. hey, jim, thanks a lot. always appreciate starting the show with you. >> thank you. charles: folks, don't look now the uninverting of the yield curve is starting to speed up. wha

so watch bitcoin prices and gold. is bitcoin the new safety trade? not sure, kelly, but there are some interesting moves happening with bitcoin and gold. back over to you. >> the 4233 on the s&p? >> that's the so-called 200 day moving average. we'll keep a close eye on that. >>> let's talk about that ten-year yield top ping 5%. let's turn to rick santelli with more on this. rick, take this wherever it needs to go. >> well, i think the best way is to take a short view. if you look at an intraday of 2s, it's been moving down in yield. if you pair it with yesterday, i want you to notice how we're doing so much work well below yesterday's low yields, and realize that yesterday we had a higher high and a lower low yield than the previous day. that's called an outside session. and it usually means trend reversal, which is exactly what's going on. if you look at a ten-year, look at the intraday, it's pretty much moving lower recently in the last couple of hours. the short-end let yields down. we almost have an identical range to yesterday. why is that so im

nevertheless giving a bid to the bitcoin story higher by 9.4%.to come back to our top story of the morning. our update out of israel. hamas has released two elderly women among the hostages that were taken on october 2. let's bring in all of her crook live on the scene in tel aviv. what is the latest on the ground? oliver: as you mentioned that development of two additional hostages that were taken about two kilometers from the border line with gaza released overnight. another significant development. their husbands who are in their 80's are still being held by hamas. we understand this was negotiated by the qatari's and the egyptians that played as intermediary in these negotiations. this was discussed by joe biden and netanyahu after it happened. the issue of aid also came up. we understand that 35 trucks crossed into gaza yesterday. the greatest number that have crossed on a single day since the conflict began and it falls quite a distance short of the 100 trucks a date that the u.n. says are required to make a meaningful difference in the deg

bitcoin is now in a stable trend.d to the previous day, bitcoin had a 100% drop in price and was traded at 349 dollars this evening. ethereum also had a percentage increase in price compared to friday. the world's second most popular cryptocurrency today is $1,790 was. the glass hall witnessed the withdrawal of real estate from the market on saturday. on this day, 93 , the market was negative, and the supporting kalal index lost 2 million units. the main representative of the stock market ended saturday's trading with a negative yield of 2.5 percent and lost 2 million units by decreasing 50. equal weight index with a negative return of 38 percent equal to 2308 units on the number of 6536 units. on this day, the stock market witnessed the exchange of more than 8 billion 64 million shares and bonds in 356 thousand transactions with a value of over 527 billion tomans. symbols foulad, fars, shasta and shapna. they had the most negative impact on the stock market index, and against the symbols of sedasht, sefar, kasapaa an

investors await news about a spot bitcoin etf. optimism driving related stocks like marathon digital, microstrategy and grayscale bitcoin trust higher, as well. bitcoin's big bounce making waves among options traders today. mike, you're looking at coin base? >> yeah, this one traded more than two times its average daily call volume. calls outpaced puts by over 3 to 1. most of that activity concentrated in the weekly 80 strike calls. about 19,000 trading for just under $1.40 a contract. biler buyers betting that the bounce we saw today could continue. and marathon digital, riot, and microstrategy were among those names that saw significantly above average options activity on the bounces that we saw today. >> what do you think about coin ba coinbase, guy? >> at this level, i don't nokno $78 to $80 level, all you need is some incremental good news and the stock goes up 15%, 20%. we've seen it before, by the way, over the last couple weeks. i think robinhood, on november 7th, is interesting, as well. >> and the incremental good news,

alix: how do we understand this in relation to other products like the spot bitcoin etf?that they would prove these things but not the bitcoin etf. did they learn anything from when they took every thing out years ago? emily: you are expressing the same concerns that a lot of spot bitcoin etf hopefuls have. not only did they approved tesla, but they approved a 2x bitcoin futures etf. alix: what? emily: a lot of my sources say that if the sec is here to protect investors, how have they approved 2x futures and not a spot? this is a product that the sec has voiced concerns about, now they have let it through when it comes to do x tesla. perhaps this bodes well -- they voiced concerns about spot bitcoin, it may changing their tune. we want to see. guy: we are all waiting for that moment. i suspected the venn diagram overlap between single-day options and these etf's might be interesting for some rate stuff, emily. great to see you on a friday -- every friday, emily graffeo. i understand there shopping going on. is this true or not? alix: it was christmas shopping, and there w

you look at the bitcoin trust alone.i talked with you about this and have 50% discount to now and it is now down to express in. guy: that is better. alix: yeah but for reasons. an appeals court is telling us if you go back and review the etf application. there is a reason find it. sonali: it's a strange dynamic. if you are a macro trader, it -- does bitcoin have a purpose here when you are worried about volatility? weird, i don't know. guy: and then we have a story we were talking about earlier on with gold. trying to find a place that you can hide. the bond market is not doing what you would expect it to do. it is not a safe haven so where would you go? alix: also if you want a book squaring and you have grayscale getting into an etf you do not own it. guy: and that's what we will get into overtime. sequentially, you can see this, if grayscale is not first that will be fascinating. and answers will be coming very shortly. sonali basak is going to be anchoring bloomberg crypto at 1:00 p.m. today it will be fantastic to s

the price of the cryptocurrency bitcoin has soared i4% per cent to the highest value since may 2022,ed higher. there's growing speculation about the possible launch of a bitcoin exchange—traded fund after us securities and exchange commission revealed it wouldn't appeal a ruling that would allow it to go ahead. don't forget you can get in touch with me and some goodbye. bbc news bringing you different stories from across the uk. don't get much worse than this, just look at the height of it. then, and now. but in the space of two months, there's been no clear—up here, on the streets of west marsh. and mark lawless, who's campaigning against fly—tipping, says the problems only got worse. what have we got here, then, mark? kid prams, tinned food, plastic bottles, food waste. you can tell by the smell here that it isn't too pretty. but it's even on the street corners. it's all over the town, both grimsby and cleethorpes. hundreds of discarded trolleys full of rubbish. and what a shock, a trolley full of rubbish. today in grimsby it's been clear to see just how much or how little has been

the value of one bitcoin hit just over $34000.00 at its peak . this week. of more than that story, let's speak to nicholas shay from clean desk. pennsylvania with a nicholas, i mean why our investors getting so excited about the prospect on crypto? it's yes. hey, thanks for having me. yeah, basically. yeah, it has long bit see uh, well over 10 years now as a kind of easy to access products for not just your casual retail investors here. my son wants to go through the hassle of setting up to take my wallet or something . let's see. but also from institutional investors, the want a, you know, about regulated audit that they can safely put funds into has some oversight from the federal court date. and somebody said, this would mean uh, i know mrs. formalization of the status of crypto currencies with, with some level of acceptance by the c. c. and in the us, i mean the last sort of defy the points of crypt tires. and that there was a place to exist outside of all of these traditional frameworks. so yeah, there, yeah, there's certainly a hint of irony there. um

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with bitcoin, we have had a wild ride. his larry fink -- is larry fink on the side of bitcoin? certainly. it looks like he moved to a place of solace and an area to be seen as safety and that is what seems to be talked about with the head of backlog -- head of blackrock. ed: there is a lot in the new cycle that is pushing individual stocks. lucid ev maker saw it production drop 30% and casting doubt about its production targets in the stock down is 4%. apple is down 6/10 of 1% and it is out with an apple pencil. it is not doing much to support stock. -- early sales of ipo 15 in china are not doing so well relative to iphone 14 last year and amazon down 4/10 of 1% and strong we tell data for the u.s. in september and not doing much to support e-commerce related stocks and the top story and mover is nvidia. it is expanding export curves later to chip technology and that move is at 3.5%. it had been on track for its biggest drop since early may and despite shedding $70 billion of market cap, this is still a $1.1 trillion stock. the specific china chips it was exploring. let's get

lauren: bitcoin in general is alsoer for the -- higher for the sec day.extf will be approved by -- etf will be approved soon, because the sec fail to block gray scale from converting its bitcoin into an etf. what it does is it gives investors a way to own bitcoin without having to directly purchase it from an exchange. in other words, you could say it takes some risk out of the equation. and to that point, bitcoin prices have been relatively stable recently, right? between $28-30,000 on a good day because of the lack of volatility. that's also why some investors are sitting on the sidelines, because they loved the huge runups, not downfalls. they loved the ride the runups that the volatility did bring to the crypto sector. ashley: that is for sure. let's talk about the awe the makers, talk of layoffs potentially at stellantis? lauren: another 100. these are temporary layoffs, they start on mono, this is happening at their lead to e doe, ohio, pa moo chain -- machine plants. this is not including striking workers. total layoffs at stellantis as the disrupt

verge of finally allowing or sanctioning a couple of bitcoin-dominant etfs finish. neil: right. >> i'm not totally up on that story, but with i know that that's out there, and that's responsible, i think, for a good part of the bitcoin move above 30,000. neil: you know, the markets are not responding to this, you know, israel crisis as they did 50 years ago, the last one, of course, with the yom kippur war that started and ultimately led to an oil embargo and inflation. you and i might remember it, maybe me more than you, but we remember that. and i'm just wondering why we're not seeing that now. i understand, certainly, it's a different world. but the markets are handling this in relatively good stride. what do you think? >> look, the history of these israeli conflicts with usually what are always non-nation entities, is that they don't really go on for very long. and i think that the market is on edge here, and it seems a little funny to say it, but when the ground war into gaza does start, i think that that's when the market will rally sharply because that would

very interesting even though bitcoin is up today, bitcoin and the bitcoin futures etf had been very flatishof questions about exactly how much new money this may exactly bring in, given that most people already anticipating the sec is going to allow this in the next few months. sara? >> bob, thank you. bob pisani. we'll mention some of the gains are slipping here. nasdaq has gone red. we'll talk to the cfo next hour. dollar general a ceo change and insurers like progressive. "squawk on the street" will be right back. with you, and part of that evolution means choosing the right medicare plan for you. humana can help. hi, my name is sam davis and i'm going to tell you about medicare advantage prescription drug plans that can provide more coverage than original medicare, including prescription drug coverage, all wrapped up into one convenient plan. with original medicare you're covered for hospital stays and doctor office visits, but you have to meet a deductible for each. and then you're still responsible for 20% of the cost. next, let's look at medicare supplement plans. if a service is cov

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part of what we did is we took our coupon and bitcoin, we didn't want to see bitcoin go to 1 million and not have exposure to it, so ultimately what we did was say, pay us 9% in cash and pay as a couple hundred dollars basis points in bitcoin, so now we have tens of millions or so of bitcoin that we continue to trade actively, but that's how we got it. what i do it again? i think we're very careful about what we would do again. >> interesting. i notice a lot of asset managers are trying to get bigger in insurance, including you. which, too many people may seem as a boring business. why is it so attractive to you and others? >> it's permanent capital. ultimately, permanent capital is very valuable. we have the ability to compound at compelling rates of return, and our approach has always been to have really good asset flex ability, and very little leverage. if you look at our assets to equity and security benefit, we're approximately six times assets to equity. you look at the industry it's closer to 12, 13, 14 times, we've also got a lot of floating rate assets, as rates have moved u

this guy didn't even know or understand bitcoin.money to make his political donations, to buy his luxury real estate. and so what i want to see is i want to see those that you brought with up, how does wall street back a guy and they don't even can ask questions like who's on your board of directors? a $34 billion corporation and they don't have a board of directors. and so there's a lot of people that need to be held accountable. where are the notes of gary gensler who meant with this guy twice? charles, testimony in this case was that sam bankman-fried if gave $10 million to the administration -- charles: yeah. >> -- for the purpose of access. and he had -- charles: all right. john, we've got, we gotta leave it there, my man. i love your passion. go get 'em. and now, liz claman. liz: thank you. let's keep the passion hot here because we've got a rough and tunnel thing bl day on wall street that looks actually like it's easing up just

this great for investigating the theme this this everyone here just wants to get into bit calling. bitcoin, then known as bit to coordinate arrows. invest is from all of a moving to last in america in such a bitcoin treasure. no, it is the cryptic currency valued more high as you've been here. bits going in latin america starts november 8th on the w.