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Blogs > Crypto in a Minute > Crypto Prices Stay Boring >

Crypto Prices Stay Boring

Author: Jeffrey Craig Date: 2022-10-24 04:10:06

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october-14-daily-update

Main Takeaway: Crypto Markets Up 2% On Sunday

Crypto markets shot up on Sunday amidst positive macroeconomic news. The new layer 1 blockchain Aptos surged 30%. There’s also drama surrounding crypto and DeFi legislation being led by SBF. However, the main catalyst for recent price surges came after the Fed made remarks on Friday that they may slow down their rate hike. Therefore, markets will potentially get a boost on November 1-2 if the Fed decides to slow down earlier than expected. But the markets are still anticipating a final 75 bps rate hike.

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