Crypto Daily Report – June 23

Jun 23, 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 23, 2022The market capitalization of digital assets is hovering at the $900B mark, representing a 1.7% increase over the last day. BTC and ETH are trading at $20.3k (+0.9%) and $1.1k (+2.0%). Majors BNB, SOL, and AVAX illustrated higher beta, up 3.7%, 7.5%, and 4.7% in the same period. MATIC, an Ethereum side-chain focused on offering a suite of ZK-rollups, posted the strongest gains (+18%) in the top 100. MATIC's performance can be attributed to its recent achievement of carbon neutrality through a partnership with KlimaDAO, receiving $400k worth of carbon credits equating to 105k tons of greenhouse gas. Its price surge also aligns with accumulation by existing whales (10k - 10m MATIC holders), adding an average of 8.7% to their portfolios since May.The Central Bank of Russia has announced plans to implement smart contracts with the digital ruble next April. The development comes after the central bank finalized the prototype platform of its CBDC late last year. The scope of their CBDC pilot program includes aut

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We are finally starting to see some relief in interest rates and the DXY 0.00% following yesterday's FOMC meeting and the Treasury's quarterly refunding announcement. BTC 6.25% has rebounded from yesterday's low of $56.5k and is now trading just above $59k, while ETH 3.95% is attempting to break through $3k resistance. SOL 4.92% has outperformed, gaining 10% compared to BTC yesterday and is now trading just below $140. The market is showing decent breadth...

We are witnessing a continuation of the recent weakness in crypto markets today, with BTC 6.25% now testing $60k, ETH 3.95% just below $3k, and SOL 4.92% dipping under $130. The broader altcoin market is experiencing even more pronounced declines, with very few names posting a green candle today. The market was pushed lower in the overnight hours following a disappointing debut from the Hong Kong ETFs (more on that below). However, this...

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