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Bitcoin slumped with the stock market Monday, falling more than 5%, after miners began selling at a higher rate on Sunday. Ether cooled off as well, and the average DeFi token has slumped 30% to 40% in recent weeks.
Bitcoin showed more strength later in the week with 4% gains Thursday. Guy Hirsch, an executive at crypto trading firm eToro, expects uncertainty about the upcoming U.S. election and heightened political tensions to be a boon for bitcoin.
DIGITAL DOLLAR PROGRESS
The Office of the Comptroller of the Currency issued another letter opening the door for more banks to be accommodating to the crypto industry