Most Important Daily
Data and News for Digital Assets |
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Data for Digital Assets |
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| Daily Updates from FSInsight | January 19, 2022 |
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- The global crypto market cap is trading at just below $2T at time of writing, with Bitcoin and Ethereum relatively flat from the 24 hours prior. FTM, LUNA, ATOM, and MATIC have exhibited relative strength among the larger market cap altcoins, with upcoming product updates prevalent in these pairs. Funding rates are flat on major exchanges, with open interest at levels comparable to mid-October.
- Microsoft announced a $69 billion acquisition of Activision Blizzard as part of a move to ramp up its gaming and metaverse plans. The acquisition positions Microsoft as a serious contender to Sony and Facebook, significant rivals pushing towards the metaverse. While gaming has been a thesis for many in 2022, the digital asset space has yet to see a Play-to-Earn game that rivals the conventional gaming world in quality.
- Crypto.com suffered an estimated $33 million loss to hackers from the exchange's custodial wallet in the latest exchange heist. The online platform suspended customer withdrawals for 14 hours on Monday, citing suspicious wallet activity. The exchange has been in the media spotlight as of late, spending $700 million to rename Staples Center in Los Angeles to the Crypto.com Arena and signing a multi-year sponsorship with the LA Angel City Football Club.
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| Daily Technical Strategy - Mark Newton, CMT | | Solana looks to be getting very close to a trading low, after giving up 50% of the advance since last July 2021 lows. As daily $SOLUSD charts show below, prices have stabilized at roughly a 50% retracement of the former low to high range which peaked with many other coins on 11/6/21. While prices did undercut this $140 area by a brief amount, we see that a Fibonacci alternative retracement of the decline from 12/27 compared to the 11/6-12/13/21 pullback equates to a near perfect 61.8% Ratio at $136 which has largely held into January. While the ongoing technical trend and momentum remain negatively sloped, DeMark's TD Sequential indicator currently shows an unconfirmed but completed 13 Countdown signal, while weekly charts could "perfect" TD Buy Setups this week. Overall, the risk/reward is looking better, finally, to buy dips, and prices could bottom out here, or any daily close under $130 would give way to a "final" plunge to $129 (50% absolute retracement) or $116 which i believe should mark a good trading low into late January. Upside targets will be discussed once a confirmed low is at hand. | |
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| Daily Important Metrics | | Sentiment 
Crypto Size Bullish Signal Bullish signal is tied to the crypto market growing Market Cap $2.0T +$18B (+0.91%) BTC Dominance 40.16% (+0.71%) | Stable Coins Bullish Signal Increase in circulating stablecoins is a Bullish signal In Circulation $78B (+0.01%) In Exchanges $5.5B (+2.24%) | Stablecoin Supply Ratio Bullish Signal Ratio between Bitcoin supply and the supply of stablecoins, denominated in BTC SSR 5.28 (-1.41%) SSR Oscillator -1.63 (3.26%) | Funding Rate Bearish Signal Positive funding rates indicate traders are Bullish Bitmex 0.0100% (+0.33%) Binance 0.0063% (-34%) |
| 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 (0.01%) | Futures CME Bullish Signal A positive spread between Futures Prices and Spot Prices is Bullish BTC Price $42,245 (2.16%) Spot Basis $124 (0.30%) Volume 7,971 (64%) Open Interest 11,468 (2.49%)
| Options CME No Signal Higher open interest change in a bull market is bullish for the sector Volume 52.00 (-3.70%) Open Interest 1,576 (1.55%) Calls CME Bullish Signal Calls Volume 9.00 (-50%) Calls Open Interest 388 (0.26%) Puts CME Bearish Signal Puts Volume CME 17.00 (-53%) Puts Open Interest 1,188 (1.97%) |
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| | All metrics as of January 19, 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 | $798B | $42,121 | 0.91% | -10% | | | ETH | $374B | $3,136 | 0.01% | -16% | -5.84% | | BNB | $77B | $467 | 0.75% | -9.83% | 0.24% | | ADA | $47B | $1.41 | -3.33% | 6.29% | 16% | | SOL | $43B | $137 | -0.02% | -21% | -11% | | XRP | $35B | $0.7400 | -0.97% | -12% | -2.11% | | DOT | $24B | $24.46 | -0.91% | -10% | -0.16% | | DOGE | $22B | $0.1649 | 0.68% | -3.90% | 6.17% | | LINK | $10B | $22.06 | -2.82% | 11% | 21% | | LTC | $9.5B | $137 | -3.02% | -7.51% | 2.55% | | BCH | $7.0B | $371 | -2.36% | -15% | -4.71% | | Our Deep Research Projects | | AVAX | $21B | $84.45 | -0.05% | -23% | -13% | | IOTA | $2.9B | $1.06 | -3.21% | -22% | -12% | | BSV | $2.1B | $110 | 1.77% | -9.98% | 0.09% | | AMP | $1.6B | $0.0380 | -0.96% | -22% | -12% | | ZIL | $739M | $0.0601 | -0.80% | -21% | -11% | | ZEN | $605M | $50.55 | -1.91% | -18% | -7.63% |
All prices as of January 19, 2022 3:40 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 | $175 | -1.28% | -7.37% | 2.70% | | SQ | $76B | $130 | 0.15% | -19% | -9.31% | | COIN | $65B | $222 | -2.13% | -12% | -1.98% | | SBNY | $18B | $355 | -5.35% | 9.66% | 20% | | HOOD | $15B | $14.43 | -3.15% | -19% | -8.69% | | MSTR | $6.1B | $468 | -3.46% | -14% | -3.98% | | SI | $4.2B | $105 | -13% | -29% | -19% | | MARA | $3.5B | $26.14 | -5.20% | -20% | -10% | | RIOT | $2.7B | $18.72 | -4.85% | -16% | -6.10% | | MOGO | $223M | $2.44 | -6.15% | -29% | -19% |
All prices as of January 18, 2022 4:02 PM |
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| | | | Crypto.com’s hack may have been twice as large as previously reported, with a further $18.4 million in bitcoin potentially stolen. The post On-chain analyst claims Crypto.com hack was closer to $33 million appeared first on The Block. |
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| | | | In a new research paper, Bank of America challenges the Bank of England's assertion that a U.K central bank digital currency (CBDC) would fundamentally be a form of digital cash. |
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| | | | Crypto allies dominate the list of witnesses slated to appear before the House Committee on Energy and Commerce. |
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| | | | Dragonfly Capital, Pantera Capital, Hashed lead investment round into Vietnam-based gaming guild. |
| | | The Mercury fund will invest in early-stage companies building an economy that’s largely automated, transparent and widely accessible. |
| | | The massive deal unites the Minecraft and Call of Duty publishers with an eye towards the coming metaverse. |
| | | iTrustCapital enables retirement savers to put Bitcoin and many other crypto assets into an IRA account. |
| | | Byte Trading, a crypto market maker specialized in derivatives, has raised $7 million in a seed funding round. The post Crypto market maker Byte Trading raises $7 million in seed funding appeared first on The Block. |
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| | | | The beta browser offers a built-in non-custodial wallet, available now to Windows, Mac and Android users. |
| | | Representatives from tech giant Intel will debut what they've called an "Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC", dubbed "Bonanza Mine", during a technology event next month. The post Intel to give presentation on energy-efficient ‘Bo... |
| | | Distributed ledger service, Hedera Hashgraph is expected to deploy a panoply of upgrades in 2022 in line with their long-term pursuit of decentralization. |
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| | | | In yet another example of the crypto industry's tendency to combine innovation with leverage, the new "Squeeth" index (for squared-ether) turns the options trade into a perpetual contract and can be used as a hedge. |
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