The Latest Price Movements in Cryptocurrency Markets: Nov. 1, 2022
The latest price movements in cryptocurrency markets need to be seen in the context of Nov. 1, 2022.
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Chart of the Day
- Bitcoin has been closely tracking the Federal Reserve's net U.S. dollar liquidity indicator since 2021, according to a chart provided by Decentral Park Capital portfolio manager Lewis Harland. This close relationship suggests that bitcoin could be a useful tool for tracking and predicting changes in the Fed's monetary policy.
- It's no secret that cryptocurrency prices have been volatile over the past few months. However, it's important to remember that the underlying technology of digital assets is still in its early stages of development.
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- Dogecoin, a cryptocurrency that was created as a joke, has seen a surge in activity after Tesla CEO Elon Musk tweeted about it.
- The United Nations' Counter-Terrorism Committee Executive Directorate (CTED) has released a report that claims crypto-linked terror attacks have quadrupled since 2016. This is a worrying trend that needs to be addressed urgently.
- As digital currencies continue to gain popularity, privacy protection is becoming a top issue for central banks around the world.
