Market Analysis Report (29 Oct 2021)

Cryptocurrency investment products have seen their total assets under management (AUM) increase by 45.5% to $74.7bn in October, surpassing the previous all-time high of $58.7 billion in March of this year.

The price of the second-largest cryptocurrency by market capitalization has hit a new all-time high of $4,400.64 as it continues to recover from its drop below the $2,000 mark in July of this year.

The Financial Action Task Force has released revised cryptocurrency guidance containing clarifications on who falls under its recommended requirements. The global anti-money laundering watchdog acknowledged that services should be analyzed based on what they provide rather than whether they fit into the nomenclatures it provided.

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Top stories in the Crypto Roundup today:

• Crypto Investment Products’ AUM Hits New All-Time High
• Ethereum Hits New All-Time High After New Upgrade
• Financial Action Task Force Releases Crypto Guidance
• Crypto Market Movers – SHIB, CRV, MANA
• Sponsored: Check Out The Newest Liquidity Mining Pool on Curve Finance

Source: https://www.cryptocompare.com/email-updates/daily/2021/oct/29/