Crypto Daily Report – November 8

body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Updates from FSInsightNovember 8, 2021Bitcoin surged over the weekend from a low of $60,200 to a local high yesterday evening of $66,200 on the back of increasing on-chain transfer volume. Bitcoin dominance experienced a trend reversal, rising from a local low of 42.5% to nearly 44.0% on Sunday night. Ethereum has also performed strongly, reaching a new all-time high of $4,760 on Monday morning. This price action is encouraging, especially for those concerned that the Fed starting to taper would put a damper on the current bull run. Late Friday evening, the US House of Representatives voted to pass the bipartisan infrastructure bill that contains open-ended wording relating to the definition of who is deemed a broker for IRS purposes. The bill now heads to President Biden's desk for signature. We have previously expressed concern about this language as it potentially leaves certain miners and developers at risk of being considered brokers, which would require these entities to yield to impractical tax reporting requirements. As we have co