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Crypto Daily Report – May 26

May 26, 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 26, 2022The crypto market briefly took a major hit this morning, momentarily dipping below $1.2T. Bitcoin is significantly beating the market, only down 1.2% to $29.4k, breaking a previously strong support line around $28.6k. Altcoins were hit a lot harder, with Ethereum, down 5.5% to $1860, matching the low from two weeks ago and July 2021.The digital assets space has become a global regulatory scramble - some governments like El Salvador's are showing sweeping support for them, while some are highly antithetical, and many are operating in an ambiguous gray area. Yesterday, things became more complicated in Europe. The Portuguese parliament blocked two bills that would have created a taxing system for investments in crypto, though the country's finance minister is insistent on stopping Portugal from being a digital assets tax haven. At the same time, Christine Lagarde, the president of the European Central Bank, ruffled some feathers when she stated that she was personally against investing in crypto. This statem

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MARKET UPDATE U.S. EQUITIES ARE RELATIVELY FLAT ON THE FINAL DAY OF TRADING FOR AUGUST, WITH THE ^SPX 0.91%  OSCILLATING AROUND $5,600 AND THE NDQ TRADING NEAR $19,400. Rates and the dollar are gaining today despite PCE and Consumer Confidence data providing more assurance that inflation is receding. Crypto is underperforming, with BTC -0.21% falling to $58.5k and ETH -0.12% at $2,450, as ETF flows and spot volumes have been muted this week....

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BTC -0.21% CORZ ETH -0.12% HNT -1.60% IREN NVDA +1.39% QQQ +1.15% SOL -1.04% ^SPX STX -0.07% WULF
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CRYPTO MARKET UPDATE Despite a $200 million inflow into BTC ETFs yesterday, crypto prices have declined over the past 24 hours. BTC -0.21% has fallen back below $62K, ETH -0.12% is under $2,600, and SOL -1.04% is just below $155. Only a few coins are in the green today, including TON 48.02% , rebounding from its recent selloff, MKR -0.79% , following its major rebrand announcement, and STX -0.07% , likely benefiting from the ongoing activation of the Nakamoto...

AAVE 1.19% BTC -0.21% BUIDL ETH -0.12% GHO 0.10% IWM +0.59% KRE +0.54% MKR -0.79% QQQ +1.15% SOL -1.04% ^SPX STX -0.07% TON 48.02% USDC 0.00%

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