Wild stock swings, spikes in Treasury yields, startling economic readings? Interesting, sure. But if you really want to get people¡¯s attention right now, you need to tell them a story about cryptocurrencies.
And there have been a lot of those. Even for a market that¡¯s famous for its wild volatility and gimmicks, the past week¡¯s cryptocurrency news set new records for jaw-droppers.
It began with Tesla CEO Elon Musk¡¯s highly anticipated appearance as host on ¡°Saturday Night Live.¡± Dogecoin owners watched hoping that the ¡°Dogefather¡± would further propel the digital currency, which had soared this year from less than a penny to 74 cents before he took the stage.
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