Digital assets market: Though $BTC is where everyone will typically come back home to, if you wanted to venture out to the alts, let's take a look at how some of the coins have performed throughout November:
$BTC up 20% at 18,450 levels
$ETH up 32% to 590s
$XRP up 108% to 0.64 after trading around 0.20 to 0.25 levels throughout majority of the year
$BCH up 10% to 291 after hard fork saw it peak at 370s early this month
$LINK up 12%, peaking at 16 before correcting back to 14 currently traded levels after starting the month around $10 November.
More from Alts and DeFi:
DeFi sector saw some volatility after TVL rejected 14.3B, over the past week we have seen the sector drop to lows of 12.85B.
$MKR, $WBTC and $COMP hold the top three TVL locked in with 2.6B, 2.3B and 1.54B respectively. A healthy indicator of the amount of optimism is surrounding these new platforms that empower various unique investment opportunities.
News that caught our eye:
Ripple making moves as it sells a significant portion of its stake in MoneyGram. After announcing they have sold around 4m shares, they had previously reported to own 6.23m shares of Moneygram with a warrant to purchase nearly 6m more.
Recent filings suggest Guggenheim Funds looking to take on up to 10% (nearly $500m) in GBTC with its Macro Opportunities Fund - that’s approx 509,581 $BTC from time of writing if maxed.