Crypto Daily Report – November 19
Nov 19, 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 Updates from FSInsightNovember 19, 2021After tumbling for most of this week, the global crypto market appears to be steadying as it trades 3% higher this morning. Bitcoin and Ethereum trade 1% lower and 4.5% higher, respectively. On-chain data shows that short-term holders bought the top last week as 96% of all long-term holders remain in profit, while merely 55% of all short-term holders are in the black after this week's price action. Periodic pullbacks from profitable, euphoric periods are important in any sustained bull market.In a landmark event for crypto, the ConstitutionDAO, a decentralized autonomous organization with thousands of members, raised $40 million in just a few days from 17,000 Ethereum wallets. It participated in Sotheby's auction of an original copy of the U.S. Constitution - one of 13 physical copies remaining. Unfortunately, an anonymous participant outbid the DAO with a $43 million offer. Despite falling short at the auction, this was the most prominent display to date of the power of DAOs and their ability to aggr