Most Important Daily Data and News for Digital Assets |
| | Crypto Daily Report The Most Important Daily Data for Digital Assets |
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Daily Updates from FSInsight | January 20, 2022 |
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- It's been a pretty flat 24 hours, with the overall crypto market down 0.3%. Bitcoin is matching the market, down 0.3% to $41,965, but Ethereum is up 0.4% to $3,132. While the overall crypto market has gone down almost 12% in 2022, the stablecoin market has increased by over 6% in the same timeframe. We are seeing many investors move out of the large layer 1s, but stay within crypto by swapping into stablecoins to yield farm while they wait for signs of positive price action.
- Brazil is about to list the first ever DeFi ETF, Hashdex's DEFI11. The ETF will be tracking CF Benchmark's DeFi index, CF DeFi Modified Composite Index, with a blend of large DeFi protocols, service and scalability solution protocols, and Ethereum. Some of the protocols being incorporated will be Uniswap, Aave, Compound, Chainlink, and Polygon, among many others.
- In other Latin America news, El Salvador announced that it will be developing a regulatory system that will allow small businesses to take out low-interest loans in Bitcoin. Over 90% of small businesses in the country receive funding through informal and predatory short-term loans. The government is hoping that these Bitcoin-backed loans will be more accessible to its business owners than traditional bank loans, giving them a way out of locally-monopolized predatory lenders.
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Daily Technical Strategy | | Cosmos joins a group of other Alt layer 1's that have shown some positive decoupling from BTC and ETH in recent weeks. Following a doubling in price in the last month, ATOMUSD has risen to test areas of key resistance near Sept 2021 peaks. While this area at $45 needs to be exceeded before some real acceleration can take place, the technical base-building that this has exhibited in recent months is very much a technical positive following its runup from last Summer. A close at multi-day highs today should allow for a push higher to challenge the $45 level, and above argues for an above-average period of acceleration which should help this get to Fibonacci extension targets at $51.80 and then ultimately near $60. Barring a daily close under $32.88, ATOMUSD looks like an attractive risk reward to own at current levels and consider adding on a close above $45. | |
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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 $-6.5B (-0.33%) BTC Dominance 40.15% (-0.04%) | Stable Coins Bullish Signal Increase in circulating stablecoins is a Bullish signal In Circulation $78B (+0.01%) In Exchanges $5.3B (-2.64%) | Stablecoin Supply Ratio Bearish Signal Ratio between Bitcoin supply and the supply of stablecoins, denominated in BTC SSR 5.27 (-0.23%) SSR Oscillator -1.63 (-0.00%) | Funding Rate Bullish Signal Positive funding rates indicate traders are Bullish Bitmex 0.0093% (-6.90%) Binance 0.0096% (+53%) |
| BTC Metrics Bullish Signal A decrease in Bitcoin on exchanges is bullish, indicates investors are moving coins to cold storage # BTC in Exchanges 2.5M (-0.02%) | Futures CME Bearish Signal A positive spread between Futures Prices and Spot Prices is Bullish BTC Price $41,935 (-0.73%) Spot Basis $-29.99 (-0.07%) Volume 7,704 (-3.35%) Open Interest 11,484 (0.14%)
| Options CME No Signal Higher open interest change in a bull market is bullish for the sector Volume 63.00 (21%) Open Interest 1,598 (1.40%) Calls CME Bullish Signal Calls Volume 11.00 (22%) Calls Open Interest 399 (2.84%) Puts CME Bearish Signal Puts Volume CME 32.00 (88%) Puts Open Interest 1,199 (0.93%) |
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| All metrics as of January 20, 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 | $795B | $41,965 | -0.29% | -10% | | ETH | $373B | $3,132 | 0.35% | -16% | -5.60% | BNB | $76B | $462 | -0.20% | -11% | -0.46% | ADA | $45B | $1.34 | -5.74% | 1.14% | 12% | SOL | $43B | $137 | 0.83% | -21% | -10% | XRP | $35B | $0.7431 | 0.66% | -12% | -1.41% | DOT | $24B | $24.42 | 0.57% | -10% | 0.01% | DOGE | $22B | $0.1644 | -0.24% | -4.21% | 6.18% | LINK | $10B | $22.11 | 0.81% | 12% | 22% | LTC | $9.5B | $137 | 0.79% | -7.21% | 3.18% | BCH | $7.1B | $372 | 0.31% | -15% | -4.20% | Our Deep Research Projects | AVAX | $21B | $84.38 | 1.11% | -23% | -13% | IOTA | $3.0B | $1.07 | 1.88% | -21% | -11% | BSV | $2.1B | $109 | -0.26% | -11% | -0.41% | AMP | $1.6B | $0.0373 | -2.01% | -23% | -13% | ZIL | $725M | $0.0590 | -0.64% | -22% | -12% | ZEN | $610M | $50.91 | 1.86% | -17% | -6.71% |
All prices as of January 20, 2022 12:54 PM |
Exchanged Traded Products (ETPs) | |
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Symbol | Premium to Nav | Last Price | Daily Change | Year to Date | Relative to BTC YTD |
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GBTC | -28% | $35.71 | -2.70% | 4.26% | 15% | BITW | -22% | $41.88 | -2.83% | 9.78% | 20% | ETHE | -20% | $32.93 | -5.18% | -68% | -58% | QBTC | -4.67% | $62.82 | 1.72% | 2.95% | 13% |
All prices as of January 20, 2022 7:54 AM |
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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% | 3.03% | SQ | $76B | $130 | 0.15% | -19% | -8.97% | COIN | $65B | $222 | -2.13% | -12% | -1.64% | SBNY | $18B | $355 | -5.35% | 9.66% | 20% | HOOD | $15B | $14.43 | -3.15% | -19% | -8.36% | MSTR | $6.1B | $468 | -3.46% | -14% | -3.65% | SI | $4.2B | $105 | -13% | -29% | -19% | MARA | $3.5B | $26.14 | -5.20% | -20% | -10% | RIOT | $2.7B | $18.72 | -4.85% | -16% | -5.77% | MOGO | $223M | $2.44 | -6.15% | -29% | -18% |
All prices as of January 18, 2022 4:02 PM *COIN YTD since 14/04/2021 |
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| | | The hack of Singapore-based cryptocurrency exchange Crypto.com this week saw nearly $34 million stolen from 483 users' accounts. |
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| | | China’s central bank digital currency now has 261 million unique users, according to an official of the central bank, the People’s Bank of China (PBOC). Furthermore, transactions worth 87.5 billion yuan ($13.78 billion) have been made using the digit... |
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| | | Hashdex, a global crypto-focused asset manager recently announced the approval of the world’s first DeFi exchange traded fund (ETF). The ETF will be listed on the Brazilian stock exchange, B3, under the ticker symbol DEFI11 on February 17th. The po... |
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| | | "With the recent launch of our APAC headquarters in Singapore, we can ensure that we continue to offer best-in-class services to UnionBank and other clients in the region," says Patrick Enjalbal, VP Customer Success managing director of Asia-Pacific ... |
| | Ever since Ripple was dragged into a lawsuit by the U.S Securities and Exchange Commission, the blockchain company has been increasing its focus on foreign partnerships. During this time, a number of banks globally have employed Ripple to aid them in... |
| | The Salvadoran government is looking to create a Bitcoin-backed loan product for micro and small businesses across the country. |
| | According to Bloomberg, Google Pay, one of the leading digital wallets for payments, has hired former Paypal executive Arnold Goldberg, in a bid to expand and accelerate its crypto operations. Goldberg will be responsible for heading Google’s paymen... |
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| | | The leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indicated that crypto investors will be treated like tho... |
| | Chairman of the Securities and Exchange Commission, Gary Gensler, has warned that regulating cryptocurrency exchanges is a top priority for the U.S. financial watchdog. |
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| | | Payments giant Mastercard has partnered with cryptocurrency exchange Coinbase to make non-fungible tokens (NFTs) more accessible to everyone. Mastercards can be used to make purchases on Coinbase’s upcoming NFT marketplace. Mastercard Partners With C... |
| | The popular cryptocurrency exchange Bybit has launched its non-fungible token (NFT) marketplace, a platform that will give users access to the world of NFTs, GameFi, and the metaverse. Bybit revealed in an announcement that the new platform is a one-... |
| | With an array of brands onboard and rising play-to-earn games, WAX will give out free NFTs to celebrate its growth. |
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