Crypto Daily Report – March 4
Mar 4, 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 FSInsightMarch 4, 2022The crypto market is down about 4% over the past 24 hours and currently stands at $1.84T. Most digital assets are down varying degrees, with BTC and ETH trading lower, 4.7% and 6.3%, respectively. AVAX is the standout this morning, trading slightly positive. Since Monday, funding rates on Bitcoin, perpetual futures contracts, have been largely positive, indicating a long bias amongst traders.Lawmakers in New York have proposed new legislation that puts a three-year moratorium on permits for fossil fuel (mainly natural gas) power plants that sell electricity to proof-of-work miners. Assemblymember Anna Kelles, who is sponsoring the bill, has highlighted several potential negative externalities of Bitcoin mining, including e-waste, water consumption for cooling, and increased water temperature at Cayuga Lake. Many were quick to point out that three years in crypto is quite long. The negative impacts of delaying innovation could put the Empire State even further behind the curve compared to states like Texas