Summary
1. Crypto industry:
• Bitcoin outperforms all major asset classes in Q3 2022 except US Dollar Index; • Tesla's Bitcoin losses rise to $170M in first 9 months of 2022; • Singapore logs spike in digital asset scams as police say bulk of fraudsters are based abroad;
2. Price Action:
• Bitcoin fell 1.1% in the past 24 hours to trade at US$19,337 as of 8 a.m. in Hong Kong, while Ether dropped 1.3% to trade at US$1,345, according to data from CoinMarketCap
3. US Dollar Related:
• The dollar saw a tug of war on Monday, while the pound traded choppy after Sunak was elected prime minister. Gold slips, weighed down by a firmer dollar and rising U.S. bond yields, while expectations of another sharp Fed rate hike keep investors on the sidelines;
4. Economic Calendar:
• 22:00 The United States announced the October Conference Board Consumer Confidence Index and the Richmond Fed Manufacturing Index in October;
• The next day at 01:55 Fed Governor Waller discusses FedNow.
Want to get a full News and Analysis Report?
Please click the link below and contact our Customer Service: https://wa.me/message/4QNU2LD5WC2UO1
https://www.vitatoken.io/en-US/home