Crypto Daily Report – September 17

Sep 17, 2021
Most Important Daily
Data and News for Digital Assets

Crypto Daily Report

The Most Important Daily
Data for Digital Assets

Daily Updates from FSInsightSeptember 17, 2021
  • At the time of writing, the overall crypto market is 3% lower, as Bitcoin and Ethereum trade 1.5% and 5.5% lower, respectively. We would like to note that at current Ethereum prices, the post-EIP-1559 Ethereum network has burned over $1 billion of ETH since the implementation of the London hard fork at the beginning of August.
  • Fidelity Digital Assets published interesting findings from their interviews with 1,100 investors across the globe. Of those surveyed, 86% expressed interest in digital assets. Among the top reasons for their interest were a high potential upside (43%), an innovative technology play (39%), and a lack of correlation to other assets (37%). The survey consisted of 408 American, 299 Asian, and 393 European investors. 
  • Competition among layer 1 protocols continues to heat up as Avalanche completed a $230 million token sale to a group of institutional investors including Polychain, Three Arrows Capital, R/Crypto, Dragonfly, CMS Holdings, Collab+Currency, and Lyna Capital. The proceeds will be used to foster the growth of Avalanche's nascent DeFi ecosystem. Avalanche joins Solana, Terra, and Algorand as layer 1 protocols to have raised significant capital in recent months. 
Daily Important Metrics

Sentiment

Crypto Daily Report – September 17

Crypto Size  Bearish Signal

Bullish signal is tied to the crypto market growing

Market Cap $2.1T $-58.5B (-2.69%)

BTC Dominance   42.12% (+1.92%)

Stable Coins   Bearish Signal

Increase in circulating stablecoins is a Bullish signal

In Circulation $68B (-0.01%)

In Exchanges $5.6B (-1.66%)

Stablecoin Supply Ratio  Bearish Signal

Ratio between Bitcoin supply and the supply of stablecoins, denominated in BTC

SSR 7.55 (0.58%)

SSR Oscillator -0.6097 (-2.64%)

Funding Rate   Bullish Signal

Positive funding rates indicate traders are Bullish

Bitmex 0.0053% (-116%)

Binance 0.0100% (+1.42%)

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 (-0.20%)

Futures CME Bearish Signal

A positive spread between Futures Prices and Spot Prices is Bullish

BTC Price $47,450 (-1.07%)

Spot Basis   $-42.28 (-0.09%)

Volume 6,372 (76%)

Open Interest  6,815 (1.40%)


Options CME No Signal

Higher open interest change in a bull market is bullish for the sector

Volume 81.00 (710%)

Open Interest 1,232 (5.12%)

Calls CME Bullish Signal

Calls Volume 21.00 (950%)

Calls Open Interest 513 (1.58%)

Puts CME Bearish Signal

Puts Volume CME 60.00 (650%)

Puts Open Interest 719 (7.80%)

All metrics as of September 17, 2021 12:07 AM
Crypto Prices
SymbolMarket CapLast PriceDaily ChangeYear to DateRelative to BTC YTD
BTC$894B$47,492-1.36%64%
ETH$406B$3,449-5.09%368%304%
ADA$76B$2.37-4.34%1,206%1,142%
BNB$69B$409-5.51%994%931%
XRP$50B$1.06-4.56%386%323%
DOT$33B$33.75-6.05%264%201%
DOGE$32B$0.2422-1.06%5,166%5,102%
LINK$13B$28.27-9.58%151%87%
LTC$12B$181-5.74%46%-18%
BCH$12B$620-3.77%81%17%
Our Deep Research Projects
AVAX$14B$64.285.12%1,921%1,858%
IOTA$4.3B$1.55-1.78%422%358%
BSV$3.0B$1601.05%-1.95%-66%
AMP$2.0B$0.0482-6.54%630%566%
ZIL$1.3B$0.1091-5.47%30%-33%
ZEN$1.1B$95.75-7.57%728%665%

All prices as of September 17, 2021 12:45 PM

Exchanged Traded Products (ETPs)
SymbolPremium to NavLast PriceDaily ChangeYear to DateRelative to BTC YTD
GBTC-15%$38.00-2.07%8.32%-55%
BITW16%$57.821.44%9.92%-54%
ETHE-4.43%$34.500.54%188%124%
QBTC-7.18%$62.821.72%16%-47%
QETH-6.10%$58.291.82%170%106%

All prices as of September 17, 2021 8:45 AM

Stocks
SymbolMarket CapLast PriceDaily ChangeYear to dateRelative to BTC YTD
PYPL$332B$2830.19%22%-42%
SQ$117B$2552.53%15%-48%
COIN$64B$243-1.56%-36%-100%
HOOD$35B$41.950.19%Infinity%Infinity%
SBNY$16B$2640.35%95%31%
MSTR$6.5B$6330.00%49%-15%
MARA$3.6B$36.34-1.92%230%166%
SI$3.0B$1122.75%67%2.85%
RIOT$2.8B$29.37-3.17%78%14%
MOGO$317M$4.50-2.17%12%-52%

All prices as of September 17, 2021 1:38 AM

*COIN YTD since 14/04/2021

Important Levels and Targets
BTCETH
LevelPriceDistancePriceDistance
TARGET$100,000111%$10,500204%
RESISTANCE II$63,00033%$7,500117%
RESISTANCE I$58,00022%$5,00045%
CURRENT PRICE$47,492$3,449
SUPPORT I$45,500-4.19%$3,000-13%
SUPPORT II$43,000-9.46%$2,000-42%
SUPPORT III$39,000-18%$1,490-57%
News
QUICK BITS
‘Kia Sedona’ NFT sale goes belly up as contractor allegedly runs off with $3 million
The BlockRead the full story >
The NFT sale initially went well. That was up until one of the anonymous contractors disappeared with all of the money. The post ‘Kia Sedona’ NFT sale goes belly up as contractor allegedly runs off with $3 million appeared first on The Block.
Project lead behind $2.8 billion DEX Sushiswap is set to step down
The BlockRead the full story >
The anonymous founder of decentralized exchange protocol Sushiswap is set to step aside, according to a well-placed source.  The post Project lead behind $2.8 billion DEX Sushiswap is set to step down appeared first on The Block.
OpenSea Says Goodbye To Executive Caught Trading NFTs On Insider Info
DCForecastsRead the full story >
NFT marketplace OpenSea says Goodbye to the executive that was caught insider trading ethereum NFTs and making profits from the platform as we reported recently in our cryptocurrency news. According to the announcement, OpenSea says goodbye to Nate C...
Crypto.com inks multimillion crypto and NFT deal with esports giant FNATIC
CryptoSlateRead the full story >
Global esports performance brand Fnatic yesterday revealed Crypto dot com, a crypto platform with more than 10 million users worldwide, as its inaugural Global Cryptocurrency Partner.  The multi-year deal will enable Crypto dot com to seamlessly enga...
El Salvador’s Chivo Wallet Saw 500,000 Registrations In One Week
BtcEthereumRead the full story >
The state-owned bitcoin dollar account has over half a million users, 200 ATMs in El Salvador, 50 ATMs in the U.S.The President of El Salvador, Nayib Bukele, has shared updated information on the state-owned bitcoin and dollar wallet Chivo on Twitte...
Fidelity Digital Assets finds 90% of surveyed investors find digital assets appealing
The BlockRead the full story >
Overall, 52% of surveyed investors invested in digital assets, with Asian and European investors more likely to do so than American ones. The post Fidelity Digital Assets finds 90% of surveyed investors find digital assets appealing appeared first on...
REGULATION
Treasury preps stablecoin framework as officials fear stability, redemption risks: report
The BlockRead the full story >
More details emerge from the Treasury's coming report on stablecoins. The post Treasury preps stablecoin framework as officials fear stability, redemption risks: report appeared first on The Block.
FUNDRAISING AND M&A
Avalanche Pulls Down $230 Million Investment Led by Polychain and Three Arrows Capital
Bitcoin.comRead the full story >
Avalanche, a smart contract-enabled cryptocurrency, has received a $230 million investment from a group of VC companies. The funding round, which is being described as a private sale, was led by Polychain and Three Arrows Capital, with the participat...
Vitalik Buterin is among Time magazine’s list of the 100 most influential people of 2021.
CoinnounceRead the full story >
The most famous Ethereum co-founder, Vitalik Buterin, has been included in Time’s top 100 influential people of 2021 list. Time’s magazine lists the most important people according to current events and specifies the unique roles of the individuals o...
Idexo Raises $2.5 Million to Build Cross-Chain NFT and Gaming API
CryptoPotatoRead the full story >
[PRESS RELEASE – Gibraltar, Gibraltar, 15th September 2021] Idexo is pleased to announce the completion of their $2.5 million funding round. Their mainstream solution facilitates the integration of non-fungible tokens and NFT marketplaces into any ap...
SkyBridge Raised $100M For An Algorand Fund And Filing For An ETF
DCForecastsRead the full story >
SkyBridge raised $100M for an Algorand after it revealed that they hold $700 million worth of cryptocurrency so let’s read more in our latest cryptocurrency news today. Investment company SkyBridge raised $100M for an Algorand fund and hopes to expan...
Katy Perry, Nas, Jason Derulo Invest in Crypto Music Platform Audius
Decrypt.coRead the full story >
The crypto rival to Spotify and Soundcloud gains an array of prominent backers in a new $5 million investment round.

Reports you may have missed

After significantly outperforming equities leading up to its halving event on Friday, BTC -3.40% continued its upward trend over the weekend, now trading just below $66k. ETH -2.74% has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. SOL -6.71% , meanwhile, has continued its strong rebound from the recent price slide, reaching $156 yesterday, currently trading slightly below that level. The crypto market is broadly performing well...

Happy Halving Day to all. It has been another volatile 24 hours for crypto markets, with war-related headlines sending risk assets lower overnight. BTC -3.40% briefly dipped below the $60k mark but has since recouped all its losses and is now trading above $64k. ETH -2.74% followed BTC's initial drop, trading below $2900 last night, but it has now rebounded to above $3000. SOL -6.71% has shown remarkable resilience amid the turmoil, now...

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