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Crypto's connections to the rest of the financial system
Cryptocurrency markets have surged in recent years, in part fuelled by the Trump administration's pro-crypto stance which has encouraged wider acceptance among financial institutions. With a total value of $3.2 trillion and around $197 billion of trading volume per day, cryptocurrencies represent a small part of global markets, crypto tracker CoinGecko estimates. But regulators and investors are still worried about whether any problems in the lightly regulated crypto world could spill over into the wider financial system. The biggest cryptocurrency, bitcoin, fell below $90,000 for the first time since April this ... (full story)
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