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 Analysis from FSInsight | July 30, 2021 |
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- Bitcoin posted a red candle in the early morning hours after July options expired across derivatives exchanges. The net effect was a pullback of approximately 2%, as Bitcoin trades around $38,800. Ethereum remained unaffected by the liquidations, and posted a 2% gain over the prior 24 hours, trading around $2,300 at the time of writing.
- Beleaguered crypto exchange Binance announced on Friday that it is shutting down its futures and derivatives offerings in Europe. The wind-down will start with Germany, Italy, and the Netherlands, as new accounts are prohibited immediately and active traders will have 90 days to close out accounts. Binance leads all exchanges in open interest volume. This is yet another step taken by the company to work with local authorities following a global backlash against the firm for its general ambivalence towards financial regulation.
- According to crypto app Crypto.com, digital asset adoption has accelerated this year, as the global number of crypto users doubled between January and June 2021. The report estimates that global crypto users rose from 100 million to 221 million within that 6-month timeframe. This was an acceleration from the previous 9 months that it took for total users to grow from 65 million to 100 million. The report shows that BTC and ETH still comprise the lion's share of user adoption, but are slowly losing relative wallet share to other alternative cryptoassets.
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Crypto Size  Bearish Signal Bullish signal is tied to the crypto market growing Market Cap $1.5T $-21.7B (-1.39%) BTC Dominance 47.49% (-1.45%) | Stable Coins Bullish Signal Increase in circulating stablecoins is a Bullish signal In Circulation $62B (+0.00%) In Exchanges $4.7B (+0.14%) | Funding Rate Bullish Signal Positive funding rates indicate traders are Bullish Bitmex -0.00% (-145%) Binance 0.01% (+250%) | 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 (-1.44%) |
| Sentiment
Futures CME Bearish Signal A positive spread between Futures Prices and Spot Prices is Bullish BTC Price $38,700 (-3.12%) Spot Basis $-107 (-0.28%) Volume 10,546 (-33%) Open Interest 7,139 (-1.42%)
Options CME Bullish Signal Higher open interest change in a bull market is bullish for the sector Volume 21.00 (-56%) Open Interest 1,169 (1.04%) |
| | All metrics as of July 30, 2021 12:07 AM |
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| Symbol | Market Cap | Last Price | Daily Change | Year to Date | Relative to BTC YTD |
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| BTC | $728B | $38,807 | -2.17% | 34% | | | ETH | $274B | $2,344 | 2.37% | 218% | 184% | | BNB | $52B | $310 | -0.57% | 729% | 696% | | ADA | $40B | $1.26 | -0.22% | 594% | 560% | | XRP | $34B | $0.7239 | 3.45% | 231% | 197% | | DOGE | $26B | $0.2000 | -1.41% | 4,247% | 4,214% | | DOT | $14B | $14.67 | 0.46% | 58% | 25% | | BCH | $9.9B | $525 | 4.71% | 53% | 19% | | LTC | $9.2B | $137 | -0.38% | 10% | -24% | | LINK | $8.5B | $19.12 | 2.25% | 70% | 36% | | Our Deep Research Projects | | AMP | $3.0B | $0.0710 | -11% | 975% | 941% | | BSV | $2.6B | $136 | -0.17% | -17% | -51% | | IOTA | $2.2B | $0.8006 | -5.89% | 170% | 136% | | AVAX | $2.1B | $12.16 | -0.31% | 282% | 249% | | ZIL | $868M | $0.0751 | -1.73% | -10% | -44% | | ZEN | $616M | $54.22 | -0.19% | 369% | 335% |
All prices as of July 30, 2021 12:19 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 | -9.17% | $34.89 | -0.82% | -0.54% | -34% | | BITW | 6.38% | $45.50 | 1.11% | -13% | -47% | | ETHE | -13% | $21.08 | 2.68% | 76% | 42% | | QBTC | -8.52% | $62.82 | 1.72% | 16% | -17% | | QETH | -8.69% | $58.29 | 1.82% | 170% | 136% |
All prices as of July 30, 2021 8:19 AM |
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| Symbol | Market Cap | Last Price | Daily Change | Year to date | Relative to BTC YTD |
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| PYPL | $333B | $285 | -5.50% | 23% | -11% | | SQ | $116B | $256 | -1.20% | 16% | -18% | | COIN | $62B | $242 | 0.01% | -37% | -70% | | SBNY | $14B | $238 | -1.15% | 76% | 42% | | MSTR | $6.1B | $642 | -0.73% | 51% | 17% | | RIOT | $3.1B | $32.94 | -0.06% | 100% | 66% | | SI | $2.8B | $105 | -6.27% | 57% | 23% | | MARA | $2.7B | $28.12 | -0.14% | 155% | 122% | | MOGO | $395M | $5.63 | -2.43% | 40% | 6.23% |
All prices as of July 29, 2021 11:30 PM *COIN YTD since 14/04/2021 |
| Important Levels and Targets | |
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| BTC | ETH |
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| Level | Price | Distance | Price | Distance |
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| TARGET | $100,000 | 158% | $10,500 | 348% | | RESISTANCE II | $43,000 | 11% | $5,000 | 113% | | RESISTANCE I | $39,000 | 0.50% | $3,000 | 28% | | CURRENT PRICE | $38,807 | | $2,344 | | | SUPPORT I | $34,606 | -11% | $2,000 | -15% | | SUPPORT II | $30,145 | -22% | $1,490 | -36% | | SUPPORT III | $20,000 | -48% | $1,380 | -41% |
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| | | | CEO Michael Saylor struck a defiant tone during a Q2 investor call, pledging to add more Bitcoin to its balance sheet while continuing to advocate for the cryptocurrency. |
| | | A new non-fungible token (NFT) project crafted by the American actress and producer, Mila Kunis, has made millions selling NFTs tied to an animated series called “Stoner Cats.” The project is a show that will only allow token holders the ability to w... |
| | | Bitcoin miner Greenidge announced today its plans to expedite the closure of an old coal ash landfill and turn it into a solar farm. |
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| | | | The proof-of-stake cryptocurrency enjoyed a hefty boost during the popular music festival after advertisements for Solana appeared throughout Lollapalooza’s opening day. |
| | | ARK Invest has purchased 1,297,615 shares of Robinhood as the online brokerage company debuted on the Nasdaq on Thursday. |
| | | Some $2.4 billion worth of bitcoin has been withdrawn from major crypto exchanges in the past week according to blockchain analytics. 59,764.79 BTC was withdrawn in the past seven days... |
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| | | | State Street Corp., one of the world’s leading providers of financial services to institutional investors, has announced the expansion of its crypto services in partnership with Lukka, an enterprise crypto asset data and software provider. State Str... |
| | | U.S. Clients of Compass mining can now mine bitcoin directly into a Choice Individual Retirement Account without triggering a taxable event. |
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| | | | The new digital yuan, currently undergoing trials, can help to increase the international usage of China’s national fiat, experts have stated. As the renminbi (RMB, CNY) is becoming one of the world’s most important currencies, the People’s Bank of C... |
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| | | | The Ghanaian Vice President, Mahamudu Bawumia, has urged African governments to start exploring digital currencies as such alternatives have the potential to enhance intra-African trade. According to a report, Bawumia made these comments while addres... |
| | | Starting with Germany, Italy and the Netherlands, Binance is winding down its futures and derivatives products offerings for the European market. |
| | | The Malaysia Securities Commission has today announced enforcement actions against Binance for illegally operating in the jurisdiction. |
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| | | | Robinhood, the fee-free cryptocurrency, stock, and options exchange, raised almost $2 billion in its initial public offering, reaching a valuation of $32 billion. While the company is more valuable than Nasdaq itself, the IPO failed to give the compa... |
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