Crypto Daily Report – October 27

Oct 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 0.85% has rebounded from yesterday's low of $56.5k and is now trading just above $59k, while ETH 1.57% is attempting to break through $3k resistance. SOL 0.79% 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 0.85% now testing $60k, ETH 1.57% just below $3k, and SOL 0.79% 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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