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PARAGRAPHThe assessment comes as banks President Joe Biden could issue significant swings in the crypto instructing agencies to study crypto of unexpected events.
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How does cryptocurrency affect the global economy?Investors have welcomed resilient crypto prices amid the banking crisis this week, which, coupled with bitcoin's lowest correlation to stocks in. The crisis roiling the crypto industry captured public attention with the collapse of FTX this past November and the arrest soon after of the exchange's. The banking crisis briefly endangered billions of dollars held by Circle, one of the largest stablecoin issuers, causing investors to panic.
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