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Bitcoin remains rangebound at around $20K, plus a look at how a stablecoin-based model of money may allow innovation to flourish. 'Markets Daily' is back with the latest roundup of crypto news.
Bitcoin has put in a positive performance in October in eight out of the past 12 years. However, the bullish seasonality may not play out this year, thanks to the declining USD liquidity.
The U.S. dollar is soaking up global liquidity, so “everything else is starved,” Glen Goodman, eToro crypto consultant, said on CoinDesk TV’s “First Mover.”
The top cryptocurrency by market value rose over 5% to $20,350, according to CoinDesk data. Ether, the second-largest cryptocurrency, rose 4% to $1,390.