Crypto Daily Report – July 27

Jul 27, 2022
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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 4.92% has rebounded from yesterday's low of $56.5k and is now trading just above $59k, while ETH 3.18% is attempting to break through $3k resistance. SOL 2.35% 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 4.92% now testing $60k, ETH 3.18% just below $3k, and SOL 2.35% 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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