RECAP: WHAT HAPPENED LAST WEEK

‘Trillions’ To Flood The System

NUGGETS OF ALPHA

• Since 2008, the United States has added $24 trillion of debt in 15 years, quadrupling the total.

• Ferrari announces that it is embracing cryptocurrency payments in response to market demand.

• The ProShares Short Ether Strategy ETF will begin trading in November.

• The average number of daily Lightning transactions has increased to 600,000.

• Ethereum whales have been dumping ETH since February 2023.

• The Web3 wallet MetaMask had its mobile app removed from the Apple App Store.

• Consumer confidence is crashing as we head into the holiday season.

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Weekly Crypto Market Recap:

• The global crypto market cap is $1.05 trillion, with a 24-hour volume of $17.92 billion

• The price of Bitcoin is $26,916.09, and BTC market dominance is 49.9%

• The price of Ethereum is $1,554.40, and ETH market dominance is 17.8%

• The best-performing sector is Yield Farming, which gained 9%

• The Crypto Fear & Greed Index is currently Neutral (47)

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Crypto Market performance in terms of the U.S. Dollar:

Overall, it was