Wild stock swings, spikes in Treasury yields, startling economic readings? Interesting, sure. But if you really want to get people’s attention right now, you need to tell them a story about cryptocurrencies.
And there have been a lot of those. Even for a market that’s famous for its wild volatility and gimmicks, the past week’s cryptocurrency news set new records for jaw-droppers.
It began with Tesla CEO Elon Musk’s highly anticipated appearance as host on "Saturday Night Live.” Dogecoin owners watched hoping that the "Dogefather” would further propel the digital currency, which had soared this year from less than a penny to 74 cents before he took the stage.