|Day's range||1.0003 - 1.0008|
|52-week range||0.9974 - 1.0330|
|Volume (24 hrs)||58.72B|
|Volume (24 hrs) all currencies||58.72B|
A U.S. central bank digital currency (CBDC) would differ from the digital money currently available to the public because it would be a liability of the U.S. Federal Reserve, not a commercial bank, and so would have no credit or liquidity risk, Bank of America said in a report. Preserving the dollar’s status as the world’s reserve currency, improving cross-border payments and increasing financial inclusion are all seen as benefits of a U.S. digital currency, analysts led by Alkesh Shah, wrote in the note Monday.
A cocktail of inflation and devaluation is generating a crypto boom that players such as Binance, Coinbase and Crypto.com do not want to waste.
EY Tax Partner and Principal Thomas Shea joins Yahoo Finance Live to explain what crypto investors should know before filing their 2021 taxes.