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Crypto Daily Report – December 13

Dec 13, 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 FSInsightDecember 13, 2021The crypto market is down about 2% this morning, currently just below $2.2T in total market cap. Bitcoin showed a bit of strength this weekend, bouncing off the $47,000 level to $50,000 but has since weakened and is down 3.25% over the past 24 hours. From an on-chain perspective, we can observe that new investors continue to enter the market. Since mid-October the supply of bitcoin owned by short-term holders has increased over 330,000 btc. Most alts are also trading lower this morning including Ethereum which is down 2.75%. Investors across all asset classes, including crypto, will have their eyes on the Fed this week as it holds its two-day December meeting starting on Tuesday.Yesterday, the CEO of Mubadala Investment Company, one of the United Arab Emirates sovereign wealth funds which manages over $240B said he is considering investing in the "crypto ecosystem." He went on to explain further that "while many people are skeptics, I do not fall in that category"..."I think we look at the ecosystem a

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