Polygon Launches New Token, Crypto Terrorist Financing Overblown

U.S stocks have continued to decline, with the S&P falling 0.6% and the Nasdaq down 1.2% at writing. This week, lackluster earnings and outlooks from the tech sector have negatively impacted the market, with firms like Alphabet and Facebook not performing well post-earnings announcements. On a brighter note, the U.S economy exceeded expectations in the third quarter, growing at an annualized rate of 4.9%. The dollar has turned higher, trading at 106.8, while long-term yields are still near recent highs. BTC is seeing its first daily decline in a week, pulling back 2.4% to trade at $34k. ETH is similarly pulling back 1.6% to $1.78k. Crypto investors are venturing further on the risk curve as meme coin DOGE outperforms in the top 10 (+3.8%). PEPE has outperformed among the top 100, rising 85.2% over the last week. One known heuristic for finding near-term tops is seeing which kinds of projects are outperforming, with BTC known to lead initial impulses and the market rotating to meme coins toward the end of a move.