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Crypto Daily Report – June 21

Jun 21, 2022
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 FSInsightJune 21, 2022After a bloody weekend of Bitcoin and Ethereum reaching prices not seen since late 2020, crypto markets rallied, erasing all the weekend losses. Bitcoin and Ethereum are up 4.60% and 3.87%, and higher beta altcoins such as Solana, Avalanche, and Near are up 8.65%, 7.25%, and 6.25%, respectively. This move comes as traditional markets rally as well, with SPX and NDQ up 2.13% and 2.56%, respectively. Solana has stood out the past few days, up nearly 50% from its weekend low. This move comes as Solana plans to roll out a network upgrade that will hopefully resolve the network's congestion issues. Another tailwind for Solana has been the strength of some of its primary backers - FTX and Alameda Research, founded by Sam Bankman-Fried. Despite market volatility and many funds going insolvent, FTX and Alameda remain well-capitalized and have been buying out and lending money to struggling companies in the industry. Earlier today, crypto lending platform, BlockFi, announced that it had secured a $250 million

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