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 | May 18, 2022 |
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- This morning, digital assets are retracing most of yesterday's gains to continue ranging between $1.2 and $1.3 trillion. The total crypto market cap has dropped 0.8% over the past 24 hours to $1.24 trillion. Bitcoin is down 3.2% to $29.1k, with most of the drop coming late last night during Asian trading hours. It was the same story for Ethereum, but with slightly more significant losses. This morning, the second most popular token is down 4.3% to around $1970.
- Binance, the world's largest crypto exchange by trading volume, is continuing its march through European regulatory commissions, focusing its efforts on gaining regulatory approval to operate in Germany, the continent's largest economy. At the beginning of the month, the company began legally operating in France and announced that talks with Germany have been proceeding well. The announcement did not come with a timeline. Still, it may come with similar hoops that France's approval did, like investments in local companies or industries and strong relationships with governing bodies.
- The Cambridge Centre for Alternative Finance released a follow-up to their September 2021 Bitcoin mining report. The report's primary focus was to track the sources of mining activity, producing a map of the leading countries (and now even US states) for Bitcoin miners. Each time the report has come out, there have been many surprises, and this iteration is certainly no exception. Globally, hashrate has more than recovered from the Chinese ban on crypto mining, but China has been a significant component of that rebound, producing around 21% of the world's hashrate in a stunning rebuke of Beijing's ban. The US is still holding on to the crown it took away from China last year with a 38% share of hashrate.
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| Daily Technical Strategy - Mark Newton, CMT | | Wednesday's drop to multi-day lows is a technical negative for Ethereum that should cause this to pull back to test important support near 1700 in the days ahead, a level that lined up with lows made last June 2021. ETHUSD has underperformed Bitcoin lately which began back on 5/11 and this recent lagging doesn't show any near term signs of reversing course. Overall, 1700 was tested briefly back on 5/12, making this important to pay attention to on retests. Any decline under this level should allow for ETH to accelerate down to 1595 which lines up with prior January 2018 peaks while a violation would bring this down to more extreme oversold levels near 1445. While this latter area can't be ruled out, any ability to hold 1700 in the weeks ahead and evidence of minor stabilization should translate into attractive opportunities to buy into this decline. Bottom line, weakness into late May/early June should bring about an appealing time to consider buying into cryptocurrencies in general, and this lines up with cycles which likely bottom out in the near future. | |
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| Daily Important Metrics | | Sentiment 
Crypto Size Bearish Signal Bullish signal is tied to the crypto market growing Market Cap $1.28T $-10.4B (-0.81%) BTC Dominance 44.39% (+0.26%) | Stable Coins Bearish Signal Increase in circulating stablecoins is a Bullish signal In Circulation $74B (-2.04%) In Exchanges $11B (-5.23%) | Stablecoin Supply Ratio Bearish Signal Ratio between Bitcoin supply and the supply of stablecoins, denominated in BTC SSR 3.75 (1.22%) SSR Oscillator -1.26 (-2.65%) | Funding Rate Bearish Signal Positive funding rates indicate traders are Bullish Bitmex -0.0506% (+1,608%) Binance -0.0073% (-187%) |
| 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 (-0.11%) | Futures CME Bearish Signal A positive spread between Futures Prices and Spot Prices is Bullish BTC Price $29,105 (-1.66%) Spot Basis $-35.12 (-0.12%) Volume 8,448 (22%) Open Interest 11,644 (0.91%)
| Options CME No Signal Higher open interest change in a bull market is bullish for the sector Volume 103 (94%) Open Interest 2,846 (2.23%) Calls CME Bullish Signal Calls Volume 39.00 (117%) Calls Open Interest 1,150 (1.95%) Puts CME Bearish Signal Puts Volume CME 10.00 (-71%) Puts Open Interest 1,696 (2.42%) |
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| | All metrics as of May 18, 2022 11:12 AM |
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| Symbol | Market Cap | Last Price | Daily Change | Year to Date | Relative to BTC YTD |
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| BTC | $555B | $29,140 | -3.15% | -38% | | | ETH | $238B | $1,971 | -4.26% | -47% | -9.36% | | ADA | $18B | $0.5287 | -8.38% | -60% | -22% | | SOL | $17B | $50.77 | -7.56% | -71% | -33% | | DOGE | $11B | $0.0854 | -4.29% | -50% | -12% | | DOT | $9.8B | $9.94 | -8.29% | -64% | -26% | | MATIC | $5.2B | $0.6523 | -6.84% | -74% | -36% | | LINK | $3.3B | $7.08 | -7.04% | -64% | -26% | | HNT | $994M | $8.43 | -4.73% | -78% | -40% | | FTM | $856M | $0.3365 | -4.23% | -85% | -47% | | Our Deep Research Projects | | AVAX | $8.3B | $31.00 | -8.44% | -72% | -34% | | IOTA | $992M | $0.3569 | -5.48% | -74% | -36% | | ZIL | $627M | $0.0490 | -4.50% | -36% | 2.19% | | AMP | $566M | $0.0134 | -4.05% | -72% | -35% | | ZEN | $244M | $19.72 | -6.92% | -68% | -30% | | VGX | $216M | $0.7772 | -4.36% | -74% | -36% |
All prices as of May 18, 2022 11:12 AM |
| 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 | -31% | $19.31 | 2.99% | -44% | -5.84% | | BITW | -26% | $19.70 | 1.81% | -48% | -11% | | ETHE | -33% | $14.02 | 3.70% | -57% | -19% | | QBTC | -1.36% | $32.21 | 1.00% | -47% | -9.44% | | BTCC | -0.05% | $5.60 | 1.45% | -35% | 2.74% |
All prices as of May 18, 2022 8:07 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 | $79.75 | 2.70% | -58% | -20% | | SQ | $76B | $84.79 | 6.39% | -48% | -9.72% | | COIN | $65B | $70.00 | 13% | -72% | -34% | | SBNY | $18B | $197 | 5.30% | -39% | -1.37% | | HOOD | $15B | $10.09 | -0.25% | -43% | -5.44% | | MSTR | $6.1B | $225 | 12% | -59% | -21% | | SI | $4.2B | $79.41 | 13% | -46% | -8.64% | | MARA | $3.5B | $11.09 | 7.46% | -66% | -28% | | RIOT | $2.7B | $7.67 | 6.61% | -66% | -28% | | VOYG.TO | $1.5B | $3.01 | 3.08% | -81% | -43% | | VYGVF | $1.2B | $9.39 | 0.97% | -25% | 13% | | MOGO | $223M | $1.22 | 15% | -64% | -27% |
All prices as of May 18, 2022 8:00 AM |
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| | | | Global cryptocurrency trading exchange BitMEX is expanding its platform beyond crypto derivative trading by announcing the launch of its spot trading platform. The BitMEX Spot Trading Platform was made live on May 17 for retail and institutional trad... |
| | | The developers have managed to delete the fake message and remove the MEE6 bot from the main server. |
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| | | | The Group of Seven (G7) will likely discuss crypto regulation in a finance meeting this week in Germany. The post French central banker says the G7 plans to discuss crypto regulations appeared first on CryptoSlate. |
| | | The Australian tax agency has listed crypto-related profits among several priority areas where more efforts are needed to ensure correct reporting. The authority has reminded taxpayers they need to calculate any capital gain or loss from the sale of ... |
| | | LKB & Partners, one of the top law firms in Korea, has reportedly decided to sue Terraform Labs CEO Do Kwon after UST's sudden collapse. The post Major Korean law firm to sue Do Kwon after UST collapse, local media rep... |
| | | The cryptocurrency exchange confirmed it's in talks to become regulated in Germany as it engages with regulators across Europe. The post Binance confirms its working to win German regulatory approval appeared first on The ... |
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| | | | Metatheory, a Web3 gaming company founded in 2021, has announced it has raised $24 million in a Series A funding round. The investment round, which was led by big VC names in the crypto space like a16z, also had the participation of Pantera Capital a... |
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| | | | Dubai, UAE, 18th May, 2022, Chainwire Dubai’s Museum of the Future has entered into… The post Dubai’s Museum of the Future and Binance NFT launch The Most Beautiful NFTs in the Metaverse appeared first on Coin Journal. |
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| | | | Argo Blockchain (ARB) reported net income of £1.6 million ($2.1 million) in Q1, a drop of over 90% compared to the corresponding quarter a year earlier. |
| | | New research from the Cambridge Centre for Alternative Finance shows that Chinese bitcoin mining activity has quickly rebounded. |
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| | | | Robinhood, the centralized exchange that offers commissionless trading in return for payment for order flow from market makers, has announced its web3 wallet. The post Robinhood announces non-custodial web3 wallet waitlist appeared first on CryptoSl... |
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