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Crypto Daily Report – March 22

Mar 22, 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 22, 2022The crypto market is up about 3% this morning, pushing the total market cap to $1.93T, increasing $58B from yesterday. While both are higher, bitcoin leads ether 4.16% versus 3.48%. Both are now trading above their respective resistance levels of $40,700 and $3,000. From a sector perspective, DeFi continues to outperform, up another 4.3% today.Yesterday, CoinDesk reported that Ray Dalio's Bridgewater Associates is preparing to back a crypto fund that would mark the largest hedge fund's first official move in the space. The move would follow other notable hedge funds that have recently entered the space, like Point72 and Brevan Howard. While CoinDesk cited four sources that expect Bridgewater to enter the space sometime in 2022, a spokesperson from the firm said they are currently not planning on investing in crypto.Members of the New York State Assembly continue to push for a ban on Proof-of-Work mining. The assembly is expected to vote on the moratorium that will place a ban on fossil fuel-powered minin

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