Crypto Daily Report – June 29

Jun 29, 2022
body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; } a { color:'#3E84CE'; } Most Important Daily Data and News for Digital Assets Crypto Daily ReportJune 29, 2022 THIS MESSAGE IS SENT SOLELY TO MEMBERS OF FSINSIGHT Market UpdateFSInsight Digital Asset Research TeamThe global crypto market capitalization is currently standing at ~$900B, a 5% decrease over the last day. BTC and ETH are changing hands at $20.0k (-1.3%) and $1.1k (-4.3%) respectively. Alternative Layer-1s BNB, SOL, and AVAX are trading at $217.4 (-4.1%), $33.69 (-4.7%), and $17.42 (-3.75%). US equities and digital asset markets have retraced gains since a week ago amidst fears of inflation. Yesterday, the Conference Board’s consumer-confidence index for June dropped to a 16-month low of 98.7, with consumers’ outlook on the economy being at the most cautious in nearly a decade. As today's GDP data from the Bureau of Economic Analysis showed an economic contraction of 1.6% for Q1, financial markets will turn to the estimate for Q2 GDP on July 28 for confirmation of a recession.Three Arrows Capital (3AC), the Singapore-licensed proprietary trading firm, about whom we have wrote extensively in our long-form publications, has been ordered to liquidate b

Unlock this article by joining our Community!

An FSI Pro, or FSI Crypto subscription is required in order to access this content.

*Free trial available only on a monthly plan

Already a member?

We accept crypto via BitPay for yearly subscriptions.

Choose one of our yearly plans to save nearly 15%
Macro + Crypto

FSI Pro

The Complete Package

FSI Macro + FSI Crypto

from $219/mo

First Month Free!

Macro

FSI Macro

from $169/mo

First Month Free!

What’s included?

WEBINARS AND MEDIA

Webinars

We host over 12 LIVE webinars per year with our research team and high-profile special guests. Incredible value and market insights!

WEEKLY

COMING SOON

Fireside Chats

Weekly interviews with our research heads about market opportunities and important updates.

RESEARCH

WEEKDAYS

Tom Lee's First Word

The best market research out there -- on a near-daily basis.

ON MARKET EVENTS

Tom Lee's Intraday Word

These are released periodically after crucial market developments.

DAILY

Daily Technical Strategy

Daily commentary on market trends and short term opportunities.

WEEKLY

Wall Street Whispers

Exclusive insights based on discussions with institutional clients.

WEEKLY

Quantitative Strategy

Quantitative market research utilizing industry-leading analytical methods.

WEEKLY

US Policy

Weekly update on developments in Washington DC and how they may impact Wall Street.

WEEKLY

Weekly Roadmap

Weekly summary of market events and updates on our key theses.

EARNINGS SEASON

Earnings Daily

A multi-faceted update of earnings developments.

UPDATED BI-WEEKLY

Signal From Noise

Highlights timely market themes and sectors with corresponding stocks, cutting through the day-to-day market “noise” for a distinct perspective.

STOCK LISTS

UPDATED QUARTERLY

Granny Shots

Thematic investment stock picks that aim to outperform the S&P 500.

UPDATED MONTHLY

Brian’s Dunks

Single stock pics that are poised to outperform the index by leveraging sector outperformance and earning revisions strategies.

UPDATED MONTHLY

FSI Sector Allocation

A sector allocation strategy that is designed to outperform the S&P 500 while taking minimal risk.

UPDATED MONTHLY

Factor Strategy

List of ETFs based on quantitative models that should outperform the S&P 500 on a monthly basis.

UPDATED MONTHLY

Newton's Upticks

Technically derived, intermediate-term picks of attractive risk/reward opportunities from the S&P 500.

AND MORE!

FSI Academy

Thematic investment stock picks that aim to outperform the S&P 500.

Community Questions

We gather your inquiries and answer them in the most scalable way. Hear directly from our research principals!

Community Interviews

Get questions answered directly by our research heads and guest speakers.

Get access to all the macro research on FS Insight

First Month Free!

Crypto

FSI Crypto

from $79/mo

First Month Free!

What’s included?

WEBINARS AND MEDIA

Webinars

Ongoing webinars exploring crypto opportunities, in depth research, and exclusive research offerings from our team of analysts and leading cryptocurrency firms.

WEEKLY

Crypto Comments

Digestible videos expanding on important market events and metrics that are shaping cryptocurrency markets.

RESEARCH

DAILY

Crypto Market Update

Stay on top of the crypto markets with macro commentary, technical analysis, and the most relevant news.

INTRA MONTH

Crypto First Word from Tom Lee

Hear directly from Tom Lee about important cryptocurrency developments.

WEEKLY

Crypto Technical Strategy

From Bitcoin, Ethereum and Solana to other coins, our Head of Technical Strategy highlights important price movement to help give you an edge.

WEEKLY

Crypto Strategy

A must-read summarizing our key thoughts about the crypto market, price action, and developing trends.

WEEKLY

Funding Fridays

Are you looking for investment opportunities in the crypto space? We explore early-stage crypto opportunities in this note about where the smart money is being invested!

WEEKLY

COMING SOON

Crypto Events

Never miss another conference, a high-impact software update, or an event that could be market-moving!

NTRA-MONTH

Deep Research Reports

Our consulting business delivers incredible deep research reports to highlight the economics and viability of exciting crypto projects.

WEEKLY

Crypto Strategy

Keep track of bitcoin sentiment to plan your digital assets strategy.

AND MORE!

FSI Academy

Our main goal is to make you a better investor! This series will guide you through key financial concepts and topics in an understandable way.

Community Questions

We gather your inquiries and answer them in the most scalable way. Hear directly from our research principals!

Community Interviews

Get questions answered directly by our research heads and guest speakers.

Get access to all the Crypto research on FS Insight

First Month Free!

Reports you may have missed

After significantly outperforming equities leading up to its halving event on Friday, BTC -0.80% continued its upward trend over the weekend, now trading just below $66k. ETH -0.64% has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. SOL -2.53% , 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 -0.80% briefly dipped below the $60k mark but has since recouped all its losses and is now trading above $64k. ETH -0.64% followed BTC's initial drop, trading below $2900 last night, but it has now rebounded to above $3000. SOL -2.53% has shown remarkable resilience amid the turmoil, now...

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 1/1

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In