Seven Days of Crypto News... in Three Minutes 😍

Crypto's $3 trillion market cap — and what comes next. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ [CoinMarketCap's Crypto Cronicle]( [Today’s Meme]( This Week's Top Stories This Week's Top Stories [Macro News]( ICYMI: Your summary of the week in crypto [Macro News]( ICYMI: Your summary of the week in crypto Happy Sunday! Here’s a look back at the crypto stories you may have missed over the past seven days.  Welcome to a $3 trillion market cap! Okay, it didn’t last long, but on Nov. 9, the market capitalization of the entire cryptocurrency market hit another psychologically huge number. And while the headline-grabbing number is impressive, think about this: It’s the third time this year that crypto has passed a psychologically important trillion-dollar mark. The $2 trillion line fell back in April — right before the bears ran wild — and $1 trillion was passed on Jan. 7. Put that another way: Crypto is up $2 trillion since the start of the year. Maybe pull that fact out the next time someone scoffs at you for investing in cryptocurrencies. But back to this week. The next day, on Nov, 10, Bitcoin hit yet another all-time high: $68,789.63. A pullback to $63,000 followed later in the week. But even with a new ATH on the ticker, the biggest Bitcoin news of the day came from the U.S. Bureau of Labor Statistics, which revealed that the Consumer Price Index — meaning inflation — was up 6.2%, its worst showing in 30 years. Considering that a lot of big Wall Street investors and talking heads have been pushing the theory that Bitcoin is Gold 2.0 — a "store of value" or hedge against inflation — that CPI number should mean even more institutional money buying Bitcoin in the coming months. [Fundraising News]( Five things we learned this week [Fundraising News]( Five things we learned this week 1. [Twitter CEO Jack Dorsey’s Bitcoin bias may be fading into a broader embrace of crypto.]( The social network hired Cosmos and Stellar veteran Tess Rinearson "to figure out what crypto can do for Twitter, as well as what Twitter can do for crypto"... 2. [Mastercard is diving deeper into the crypto-linked debit card game.]( The global payments firm is moving into the Asia-Pacific region. The Crypto Card Program seeks to make it easy for crypto firms to offer Mastercard debit or prepaid cards... 3. [Apple CEO Tim Cook not only owns crypto, he considers it "reasonable to own [crypto] as part of a diversified portfolio."]( But not Apple’s corporate portfolio. Nor will you be buying an iPhone with Bitcoin anytime soon...  4. [Coinbase’s revenue tanked in Q3, pushing the public crypto exchange’s stock down 13.5% on the Nasdaq.]( COIN’s net income was down 75% from Q2. However, the soft markets that hammered Q3 were ending going into Q4.…  5. [With Ripple Liquidity Hub, the international payments firm hopes to help finance firms easily let customers buy and sell crypto — and not just XRP.]( The turnkey liquidity solution has a network of market makers, exchanges and OTC desks... [Play2Earn News]( The week ahead [Play2Earn News]( The week ahead The week ahead promises to be an interesting one for Bitcoin, crypto, and the broader financial markets. Galloping inflation, iffy quarterly earnings reports, and a Crypto Fear & Greed Index solidly on the greedy side should make for a fun brew.  Here are just a couple of burning questions:  — With inflation hitting 6.2%, will Bitcoin see a bump from its reputation as a hedge — the new digital gold?  — Will Bitcoin and Ether keep moving with the stock market?  — Which is more likely: BTC at $60,000 or BTC at $70,000?  — Bitcoin’s Taproot update will hit sometime this weekend, making transactions smaller, cheaper and harder to track. Is it priced in? [Play2Earn News]( Three essential reads on CoinMarketCap Alexandria [Play2Earn News]( Three essential reads on CoinMarketCap Alexandria — [What Is the Metaverse - An Overview and a Deep Dive Into the Top Metaverses:]( Once Mark Zuckerberg announced Facebook’s embrace of metaverses, the interactive virtual reality worlds have gotten lots of attention. But what are they?  — [Ethereum Is Smashing its ATHs: Here's Why:]( ETH is not only looking at $5,000, it’s entering the mainstream consciousness. But it is struggling to upgrade to Ethereum 2.0 in time to maintain its dominance of smart contracts. Will ETH continue to climb?  — [What Is Wrapped Ethereum (WETH)?:]( Wrapped tokens are increasingly a go-to way — go-to "kludge" might be a better term — to make cryptocurrencies native to one blockchain usable on another. But the simplicity belies some serious trust issues. [Play2Earn News]( Listen to this! [Play2Earn News]( Listen to this! — The [CoinMarketRecap]( podcast comes out every Friday — this week, we’re talking to a trader who believes ETH can overtake BTC as the world's biggest cryptocurrency next year.  — And over on [YouTube]( check out this fun video explaining how fan tokens work. Thanks for reading! Have a great day — more news tomorrow! [CoinMarketCap Robot]( [Facebook]( [Twitter]( [Instagram]( [Telegram]( Written by Molly Zuckerman and Connor Sephton Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [App Store]( [Google Play]( [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2021 CoinMarketCap [Update Settings]( | [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States