Bitcoin News Roundup for Feb. 9, 2021

With the top two cryptocurrencies setting new all-time highs and analysts grappling with what Tesla’s big buy really means, 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:

Reddit Value Hits $6 Billion After Users Fueled a Stock Frenzy (Bloomberg)

CME saw nearly 400 ETH futures contracts traded on first full market day (The Block)

Stocks Tick Lower After S&P 500’s Record Close (WSJ)

Diamond Prices Regain Their Sparkle (WSJ)

Cardano, Polkadot Market Caps Surpass XRP as Some Bet on Alternatives to Ethereum (CoinDesk)