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Crypto Daily Report – February 17

Feb 17, 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 FSInsightFebruary 17, 2022Markets continue to trade in lockstep with leading headlines as the broad crypto market is down 4.9% while the S&P 500 and Nasdaq 100 are down 1.9% and 2.5%, respectively. Tensions between Russia and Ukraine seem to be driving increased selling pressure across both legacy and crypto markets. Bitcoin and ether are trading 6.9% and 8.2% lower, respectively, while most leading smart contract platforms are down north of 8.0%. Despite the price drop, funding rates for BTC are still in positive territory across many exchanges, indicating a higher risk of liquidations, should prices continue to grind downwards.Oil & gas giant ConocoPhillips revealed that it is conducting a bitcoin-focused pilot project. The company will provide excess natural gas from one of its Bakken region projects to supply power to a bitcoin mining operation. This excess gas is stranded due to lack of transportation and would otherwise be flared. This development is massive as it is the first prominent example of a player in the legacy

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