Summary
1. Crypto industry:
• Crypto Markets Experience Biggest Miner Selling Pressure Since January 2021, the bankruptcy of FTX triggered a continued downturn in the market; Crypto prices slide as investors pull funds on concerns other exchanges may follow FTX implosion; • The whereabouts of at least $1 billion in customer funds of cryptocurrency exchange FTX remains a mystery. FTX has begun bankruptcy proceedings in the United States;
2. Price Action:
• The price of bellwether bitcoin (BTC) tumbled 22% in the seven days through Sunday, its worst weekly performance since mid-June, when traders were grappling with the aftermath of the Terra blockchain's collapse;
3. US Dollar Related:
• The dollar fell across the board for a second day in a row on Friday. Gold extended gains, hitting a near three-month high and marking its best weekly performance in more than two-and-a-half years;
4. Economic Calendar:
• 20:30 the central banks of the U.S., Britain, Europe and Canada hold a meeting;
• Next day 00:30 Fed Vice Chairman Brainard delivered a speech.
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