Crypto Daily Report – October 11

Oct 11, 2022
body{ background-color:'#041529';} body,table,td,p{ font-size:22px; } body div center ul, body div center li { margin-left: 10px !important; margin-right: 0 !important; } a { color:'#3E84CE'; } .font_small, .font_small td, .font_small p{font-size:16px;} .font_big, .font_big td, .font_big p{font-size:26px;} @media screen and (max-width: 640px){ body,table,td,p{ font-size:28px; } .font_mobile, .font_mobile li, .font_mobile div, .font_mobile p {font-size:30px;} .font_small, .font_small td, .font_small p{font-size:24px;} .font_big, .font_big td, .font_big p{font-size:28px;} } Most Important Daily Data and News for Digital Assets Crypto Daily ReportOctober 11, 2022 THIS MESSAGE IS SENT SOLELY TO MEMBERS OF FS INSIGHT Tickers on this report: ALGO, AVAX, BTC, ETH, MATIC, NDAQ, SOL, SPX Market UpdateWalter Teng Vice President of Digital Asset StrategyEquity markets are showing slight relief from their decline yesterday and lower open today, with $SPX (+0.1%) and $NDAQ (+0.9%) rebounding at time of writing. $BTC is trading at $19.1k (-0.8%) after wicking to $18.9k earlier today, while $ETH is changing hands at $1.29k (-1.2%). $SOL (-3.2%), $MATIC (-4.5%), and $AVAX (-3.2%) are similarly trending downwards with their market betas. The retracements across the board mimic de-risking activi

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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 0.90% has rebounded from yesterday's low of $56.5k and is now trading just above $59k, while ETH 0.87% is attempting to break through $3k resistance. SOL 5.24% 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 0.90% now testing $60k, ETH 0.87% just below $3k, and SOL 5.24% 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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