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Crypto Daily Report – April 4

Apr 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 FSInsightApril 4, 2022Cryptoasset prices held relatively steady over the weekend after rebounding dramatically on Friday morning. However, bitcoin and ether trade 1.7% and 2.0% lower, respectively, over the last 24 hours. To start the trading week, funding rates for bitcoin and ether are generally neutral to bullish. This morning, DOGE (-0.4%) has pulled back from its initial outperformance after the announcement that Dogecoin supporter Elon Musk purchased a material stake in Twitter. Since the release of our last weekly note, LFG purchases have yet to resume (please refer to the most recent note for further context). However, we would view the current steadiness in prices without these purchases as constructive for near-term price action. Twitter is surging on the news that Elon Musk has taken a 9.2% stake in the social media giant. He had recently expressed concerns over censorship and highlighted the critical risk of not having a decentralized algorithm leading to bias in user feeds. Musk, who has historically expressed mi

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