Crypto Daily Report – September 19

Sep 19, 2022
body{ background-color:'#041529';} body,table,td,p{ font-size:22px; } body div center ul, body div center li { margin-left: 10px !important; margin-right: 0 !important; } a { color:'#3E84CE'; } .font_small, .font_small td, .font_small p{font-size:16px;} .font_big, .font_big td, .font_big p{font-size:26px;} @media screen and (max-width: 640px){ body,table,td,p{ font-size:28px; } .font_mobile, .font_mobile li, .font_mobile div, .font_mobile p {font-size:30px;} .font_small, .font_small td, .font_small p{font-size:24px;} .font_big, .font_big td, .font_big p{font-size:28px;} } Most Important Daily Data and News for Digital Assets Crypto Daily ReportSeptember 19, 2022 THIS MESSAGE IS SENT SOLELY TO MEMBERS OF FSINSIGHT Tickers on this report: ALGO, ATOM, BTC, ETH, QQQ, SOL, SPX, WETH Market UpdateSean Farrell Head of Digital Asset StrategyGiven the disappointing CPI report last week, we suggested an increased need to manage downside risk in the immediate term in Friday's weekly note. Over the weekend, we witnessed steep drawdowns across most major cryptoassets, as $ETH (-3.4%) dipped below $1.4k and $BTC (-2.6%) traded below $19k for the second time this month. At the time of writing, global equities are showing signs of another volatile week, with $SPX (-0.2%) and $QQQ (-0.4%) movi

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We are finally starting to see some relief in interest rates and the DXY 0.00% following yesterday's FOMC meeting and the Treasury's quarterly refunding announcement. BTC 0.46% has rebounded from yesterday's low of $56.5k and is now trading just above $59k, while ETH 0.72% is attempting to break through $3k resistance. SOL 0.68% has outperformed, gaining 10% compared to BTC yesterday and is now trading just below $140. The market is showing decent breadth...

We are witnessing a continuation of the recent weakness in crypto markets today, with BTC 0.46% now testing $60k, ETH 0.72% just below $3k, and SOL 0.68% dipping under $130. The broader altcoin market is experiencing even more pronounced declines, with very few names posting a green candle today. The market was pushed lower in the overnight hours following a disappointing debut from the Hong Kong ETFs (more on that below). However, this...

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