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Hi there. Welcome to ETMarkets Morning, the show about money, business and markets. I am Sandeep Singh. Looks like we will have a promising start to the new week.
Lemme first give you a quick glance at the state of the markets.
Stocks in most Asian markets are upbeat and Dalal Street appeared to be in a mood to go higher. Nifty futures in Singapore traded with some solid gains earlier today. Japan’s Nikkei has hit the 30,000 mark for the first time since 1990. Crude oil is up slightly to trade above $60. Gold is down marginally. Bitcoin reached a new record on Sunday, rising above the $49,000 mark for the first time.
So what’s really happening to the cryptocurrencies. Buoyed in recent months by endorsements from the likes of Paul Tudor Jones and Stan Druckenmiller
There are clear signs of a widening embrace across the financial services industry for cryptocurrency, especially Bitcoin, which has lifted its value to record heights. A week after Tesla announced its $1.5 billion investment in Bitcoin, the digital asset continued to make inroads into traditional finance. There is news that an investment unit of Morgan Stanley is now considering whether to bet on Bitcoin. Canada also approved the first North American Bitcoin ETF. The likes of