Crypto Daily Report – July 30

Jul 30, 2021
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 Analysis from FSInsightJuly 30, 2021Bitcoin posted a red candle in the early morning hours after July options expired across derivatives exchanges. The net effect was a pullback of approximately 2%, as Bitcoin trades around $38,800. Ethereum remained unaffected by the liquidations, and posted a 2% gain over the prior 24 hours, trading around $2,300 at the time of writing. Beleaguered crypto exchange Binance announced on Friday that it is shutting down its futures and derivatives offerings in Europe. The wind-down will start with Germany, Italy, and the Netherlands, as new accounts are prohibited immediately and active traders will have 90 days to close out accounts. Binance leads all exchanges in open interest volume. This is yet another step taken by the company to work with local authorities following a global backlash against the firm for its general ambivalence towards financial regulation.According to crypto app Crypto.com, digital asset adoption has accelerated this year, as the global number of crypto users doubled between January

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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 4.35% has rebounded from yesterday's low of $56.5k and is now trading just above $59k, while ETH 3.16% is attempting to break through $3k resistance. SOL 2.78% 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 4.35% now testing $60k, ETH 3.16% just below $3k, and SOL 2.78% 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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