Crypto Daily Report – July 23

Jul 23, 2021
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 Analysis from FSInsightJuly 23, 2021Bitcoin and Ethereum are on track to post green candles for the week as they trade around $32,400 and $2,100, respectively, at the time of writing. The discount on Grayscale's Bitcoin Trust (GBTC) moved sharply from -14% on Tuesday to -10% as of market close on Thursday, as the market seems to have effectively absorbed any short-term selling pressure from recent share unlocks.JP Morgan announced on Thursday that they will provide retail wealth management clients exposure to crypto via access to Grayscale and Osprey's crypto-related products, marking the first instance of a large bank offering access to crypto beyond the ultra-wealthy. This news comes as a surprise to many as JP Morgan CEO Jamie Dimon is widely known as a crypto-skeptic, stating as recently as May that he is "not a Bitcoin supporter," and that his "personal advice is to stay away from crypto."According to the latest venture capital data released by CB Insights, blockchain-related companies raised a record-setting $4 billion in Q2 2021, de

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CRYPTO MARKET UPDATE Crypto assets are trading lower ahead of today's crucial FOMC press conference, with BTC 3.13% dipping back below $60,000, ETH 2.16% falling under $2,300, and SOL 2.66% down to $127. The only token among the top 50 in the green is SUI 15.38% , following its USDC 0.03% launch announcement. Major equity indices are also in the red after the release of relatively strong housing data this morning, which is contributing to growing...

CRYPTO MARKET UPDATE The crypto market has moved lower over the past 24 hours, with BTC 3.13% dropping back near the $58k level, ETH 2.16% just below $2,300, and SOL 2.66% once again testing the $130 mark. Yields have started the week lower ahead of the upcoming FOMC meeting, where investors are currently anticipating a 50 bps rate cut, according to the Fed funds futures market. Equities started the morning broadly in the...

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