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Crypto Daily Report – May 12

May 12, 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 FSInsightMay 12, 2022The crypto market continues to struggle after yesterday's 10% crash. The total market cap is currently down 11% over the past 24 hours, and down almost 4% this morning. At one point in today's early hours, the market took a swing at going under $1T but bounced back from $1.08T to hovering around $1.22T at the time of writing. Bitcoin is outperforming the crypto market, but is still down 6% to $28.4k, at one point breaking into the $25k region. Ethereum has not been as lucky, dropping 15% to under $2000.During yesterday's crash, there was a lot of fear and concern around crypto and crypto-related assets. One of the biggest "scares" was around the fact that Coinbase technically owns and controls users' wallets, so the company came out with a statement warning users that, in the event of a bankruptcy, there might be a chance that users' holdings in Coinbase would be considered company assets and thus be subject to bankruptcy proceedings. Brian Armstrong, the CEO and co-founder of Coinbase, worked to assuage c

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