Most Important Daily
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Data for Digital Assets |
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| Daily Updates from FSInsight | January 18, 2022 |
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- The crypto market is down 3.35% this morning, representing nearly a $70B reduction in market cap. Ethereum (-4.43%) and alts are leading the declines with Bitcoin (-2.82%) not far behind. While funding rates are now positive for perpetual futures contracts, short positions on both BTC and ETH remain elevated near multi month highs.
- Coinbase announced a partnership with Mastercard that will allow customers to purchase NFTs with traditional debit and credit cards. The aim of the partnership is to lower the barriers of entry into NFTs, given most NFT marketplaces require crypto for payment. It is expected that Mastercard will still charge its standard transaction fees for NFT purchases which remain elevated compared to crypto-based payment options that leverage technologies like Lightning Network.
- BitMEX group signed an agreement to purchase a 268-year-old German bank, Bankhaus von der Heydt. If approved by German regulators, BitMEX plans to use the bank to expand its European footprint by building out a full suite of crypto products for German customers. Prior to the agreement, the bank had already begun incorporating crypto into its offering by partnering with Fireblocks to custody crypto assets.
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| Daily Technical Strategy | | During this ongoing corrective period for Cryptocurrencies and most risk assets, Bitcoin has started to hold up much better than might be expected in recent weeks. The $BTCUSD Market Dominance chart (which tracks market capitalization improvement and/or deterioration and is often helpful as a gauge for relative strength) has held areas that were held in early January as well as September and last May 2021. This looks to be an important area of support, and the push to multi-day highs at a time when many other Cryptocurrencies are losing ground is important to keep track of. Near-term, while the absolute charts for BTC still look negative technically and could allow for a bit more pullback into late January, the relative picture has shaped up a bit. Thus, Bitcoin should weather this correction a bit better than most until/unless this Market Cap Dominance chart shows a break of this meaningful support, and at present, is something to overweight, relatively speaking. | |
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| Daily Important Metrics | | Sentiment 
Crypto Size Bearish Signal Bullish signal is tied to the crypto market growing Market Cap $2.0T $-71.0B (-3.48%) BTC Dominance 39.88% (+0.83%) | Stable Coins Bearish Signal Increase in circulating stablecoins is a Bullish signal In Circulation $78B (-0.12%) In Exchanges $5.4B (-2.01%) | Stablecoin Supply Ratio Bullish Signal Ratio between Bitcoin supply and the supply of stablecoins, denominated in BTC SSR 5.35 (-1.31%) SSR Oscillator -1.58 (3.17%) | Funding Rate Bearish Signal Positive funding rates indicate traders are Bullish Bitmex 0.0100% (+60%) Binance 0.0095% (-20,490%) |
| BTC Metrics Bearish Signal A decrease in Bitcoin on exchanges is bullish, indicates investors are moving coins to cold storage # BTC in Exchanges 2.5M (0.17%) | Futures CME Bearish Signal A positive spread between Futures Prices and Spot Prices is Bullish BTC Price $41,350 (-2.76%) Spot Basis $-62.68 (-0.15%) Volume 4,857 (0.00%) Open Interest 11,189 (0.00%)
| Options CME No Signal Higher open interest change in a bull market is bullish for the sector Volume 54.00 (0.00%) Open Interest 1,552 (0.00%) Calls CME No Signal Calls Volume 18.00 (0.00%) Calls Open Interest 387 (0.00%) Puts CME No Signal Puts Volume CME 36.00 (0.00%) Puts Open Interest 1,165 (0.00%) |
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| | All metrics as of January 18, 2022 2:30 AM |
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| Symbol | Market Cap | Last Price | Daily Change | Year to Date | Relative to BTC YTD |
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| BTC | $784B | $41,413 | -3.08% | -12% | | | ETH | $372B | $3,121 | -4.49% | -16% | -4.71% | | BNB | $77B | $463 | -2.86% | -11% | 0.82% | | ADA | $50B | $1.49 | -3.60% | 12% | 24% | | SOL | $43B | $136 | -5.45% | -22% | -9.99% | | XRP | $35B | $0.7400 | -3.10% | -12% | -0.60% | | DOT | $24B | $24.61 | -7.02% | -9.67% | 1.90% | | DOGE | $22B | $0.1628 | -4.51% | -5.09% | 6.48% | | LINK | $11B | $22.63 | -7.82% | 14% | 26% | | LTC | $9.7B | $140 | -8.52% | -5.84% | 5.74% | | BCH | $7.1B | $377 | -1.04% | -13% | -1.82% | | Our Deep Research Projects | | AVAX | $21B | $84.38 | -5.31% | -23% | -11% | | IOTA | $3.0B | $1.09 | -4.62% | -20% | -8.68% | | BSV | $2.0B | $107 | -3.35% | -12% | -0.54% | | AMP | $1.6B | $0.0384 | -5.62% | -21% | -9.34% | | ZIL | $738M | $0.0601 | -4.39% | -21% | -9.36% | | ZEN | $612M | $51.11 | -4.75% | -17% | -5.21% |
All prices as of January 18, 2022 2:34 PM |
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| Symbol | Market Cap | Last Price | Daily Change | Year to date | Relative to BTC YTD |
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| PYPL | $216B | $179 | -4.68% | -5.08% | 6.49% | | SQ | $76B | $146 | -2.93% | -9.42% | 2.15% | | COIN | $65B | $227 | -6.30% | -10% | 1.42% | | SBNY | $18B | $351 | -4.20% | 8.51% | 20% | | HOOD | $15B | $14.99 | -7.81% | -16% | -4.02% | | MSTR | $6.1B | $478 | -8.40% | -12% | -0.64% | | SI | $4.2B | $134 | -5.82% | -9.85% | 1.72% | | MARA | $3.5B | $27.45 | -11% | -16% | -4.89% | | RIOT | $2.7B | $19.83 | -8.81% | -11% | 0.38% | | MOGO | $223M | $2.75 | -6.78% | -20% | -8.02% |
All prices as of January 14, 2022 9:42 AM |
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| | | | Digital assets are "here to stay," and they look like Napster in the 90s, claimed Onyx's CEO Umar Farooq. |
| | | As the U.S. removes Ethiopia from a critical trade program, it’s clear that the African nation should focus on finding sovereign value. |
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| | | | Silvergate Bank's net income dipped nearly 9% to $21.4 million in Q4 from $23.5 million in Q3. |
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| | | | As part of regulations that are set to become effective in mid-February, crypto-asset investment promoters will be required to inform the Spanish securities watchdog of the contents of any ad that targets over 100,000 people. 10-Day Advance Notice Ru... |
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| | | | The Hong Kong-based game software and venture capital firm will deepen its exposure to NFTs, gaming and metaverse projects. Hong Kong-based software and venture firm Animoca Brands has secured $358.8 million in capital investments to fuel new acquis... |
| | | BXM Operations AG, a company founded by BitMEX CEO Alexander Höptner and CFO Stephan Lutz, has announced plans to purchase Bankhaus von der Heydt, a bank located in Munich, Germany, and also one of Germany’s oldest banks. The post BitMEX buys one of... |
| | | Mythical Games aims to make immersive 3D worlds streamable on lower-end devices, enabling easier access to NFT games and metaverse experiences. |
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| | | | Mercedes-Benz project picked five artists from the NFT industry to interpret the G-Class in their own style. |
| | | Crypto exchange Coinbase and payments giant Mastercard have teamed up to simplify the buying experience of NFTs. The post Coinbase partners with Mastercard to let users buy NFTs via cards appeared first on The Block. |
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| | | | O’Leary says many sovereign funds are looking to invest in Bitcoin mining operations and… The post Kevin O’Leary says he could start a Bitcoin mining operation this year appeared first on Coin Journal. |
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