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Crypto Daily Report – January 24

Jan 24, 2022
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 FSInsightJanuary 24, 2022Equity and crypto markets continue to slide as the S&P 500 is down another 2.5%, and the Nasdaq is nearly 3.0% lower at the time of writing. Cryptoassets continue to exhibit a strong correlation with equities. The global crypto market cap is down 7%, as Bitcoin (down 5%) and Ethereum (down 10%) approach their 6-month lows. Over the previous 24 hours, over $400 million of positions across all cryptoassets were liquidated, as persistent leverage in a structurally weak market has caused losses to pile up for many traders. Investors' eyes are the Fed meetings taking place this week as there has been an undeniable fear baked into risk assets in anticipation of a rate hike in March. In case you missed it, check out our previous weekly note for more in-depth commentary regarding our thoughts on the current environment and how we are thinking about the rest of this year.Hayden Adams, the founder of leading decentralized exchange Uniswap, tweeted Sunday that JP Morgan Chase had closed his bank accounts without

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Executium PCWOez71S1E Unsplash

CRYPTO MARKET UPDATE AFTER ANOTHER DAY OF SIZEABLE OUTFLOWS FROM ETHE 4.58% , THE GRAYSCALE-ISSUED ETF NOW RETAINS JUST 85% OF THE AUM IT BEGAN WITH ON TUESDAY. However, crypto has rallied strongly since the US market closed yesterday, with BTC 1.74% briefly moving above the $68k level, ETH 1.43% rebounding sharply to $3,250, and SOL 4.38% revisiting $184. Among larger-cap tokens, SOL beta names including RNDR and JUP have outperformed over the past 24...

BTC 1.74% CFX 20.54% ETH 1.43% GBTC +4.88% IBIT JUP -8.65% RNDR -3.51% SOL 4.38%
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CRYPTO MARKET UPDATE CRYPTO WAS CERTAINLY LOOKING STRONG RELATIVE TO EQUITIES YESTERDAY UNTIL ASIAN MARKET HOURS COMMENCED. Shortly after the HK market opened, we saw increased sell pressure and approximately $100 million in liquidations across all crypto assets, bringing BTC 1.74% down to below $64,000, ETH 1.43% down to $3,150, and SOL 4.38% to just below $170. This contrast in price action during U.S. and Asia market hours has been consistent throughout July....

AAVE 1.05% BTC 1.74% ETH 1.43% MARA +6.31% SOL 4.38% TRX 0.34%
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CRYPTO MARKET UPDATE RATES ARE BROADLY LOWER, WITH A NOTABLY STRONGER RALLY AT THE FRONT END OF THE CURVE AS THE MARKET APPEARS TO BE TAKING POTENTIAL RATE CUTS OVER THE NEXT COUPLE OF FOMC MEETINGS MORE SERIOUSLY. Despite significant weakness in equities today, the crypto market is looking relatively healthy, with BTC 1.74% and many altcoins in the green. BTC 1.74% briefly rallied above $67k but has since drifted back down...

BTC 1.74% ETH 1.43% GBTC +4.88% IWM +1.75% QQQ +1.08% SOL 4.38% ^SPX
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CRYPTO MARKET UPDATE DESPITE BEING THE LAUNCH DAY FOR ETH 1.43% ETFS, CRYPTO BROADLY MOVED LOWER IN THE EARLY MORNING HOURS TODAY, POSSIBLY DUE TO MOVEMENT OUT OF THE MT. GOX TRUSTEE WALLETS. Mt. Gox sent approximately $130 million in BTC 1.74% to Bitstamp, leaving about 90k BTC 1.74% remaining in the trustee wallets. This move lower was likely also influenced by a rise in the DXY. Currently, BTC 1.74% is trading around $66.5k,...

AVAX 3.81% BTC 1.74% ETH 1.43% ETHBTC ETHE N/A% GBTC +4.88% GOOGL -0.17% SOL 4.38% TSLA -0.12% V +2.1%

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