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Market Update: Bitcoin, CFTC, HEX, and More: Market Update

Daily Market Update 11/7: BTC is currently trading around 20.7k and ETH around 1.6k. Notable gainers in the last 24 hours are MATIC, SNX, and DASH

Global equities are mixed this morning, while crypto is moving lower. Tuesday’s US Midterms2022 are at the forefront this week. Republicans are expected to gain control of the House, but the Senate race is tighter & @FiveThirtyEights model forecasts a slight Republican edge

It was a dramatic weekend in crypto markets as Alameda insolvency rumors spread & @binance announced it would be liquidating its remaining exposure to Alameda-affiliated exchange @FTX_Officials token FTT

.@NewYorkFed released results of its CBDC research with spot FX trades settling in < 10 seconds on average; @jpmorgan executed its first DeFi trade on a public blockchain with the help of @MAS_sg @SECov issued subpoenas to some HEX influencers

For other notable news of the day, check out the full crypto market commentary here:

Daily Market Update: Nov 7, 2022 - GSR Markets
This post is based on this twitter thread.


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