Header logo
  1. Research
  2. Crypto Research
  3. Market Update

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

Unlock this page with a FREE 30-Day Trial!

*Free trial available only on a monthly plan

Already a member?

Reports you may have missed

Bitcoin's all-time high rise reignites $100,000 speculation

MARKET COMMENTARYA PRETTY SIZEABLE MISS IN TODAY'S CONSUMER SENTIMENT SURVEY REVERSED MOST OF THE GAINS EXPERIENCED IN THE CRYPTO MARKET OVER THE PAST 24 HOURS. Consumer sentiment came in at 67.4, well below market expectations of 77.2. 1Y inflation expectations came in at 3.5%, well above the market forecast of 3.2%. We saw the DXY 0.00% turn sharply higher on the move, and most risk assets sold off. BTC 0.47% fell from...

AKT BTC ETH FTM MARA QQQ RNDR SOL SPX
Executium Lta5b8mPytw Unsplash

U.S. equity indices are showing modest gains today following weekly jobless claims coming in higher than expected, showing 231k versus 212k estimated, putting downward pressure on the DXY 0.00% (-0.21%) and rates. The $SPY has gained 0.36%, approaching the $520 mark, while the $QQQ has risen 0.14% to the $440. Crypto assets are showing larger gains, with BTC 0.47% (+1.57%) rising above $62k and ETH 1.01% (+1.05%) surpassing $3,000. The Render Network’s mobile app, OctaneX, was featured in Apple’s keynote presentation earlier...

BTC ETH MARA QQQ RNDR SPY
Executium 18UxunCRcwY Unsplash

The crypto market declined overnight, with BTC 0.47% dropping from $63k to $61k, SOL 0.18% from $150 to $145, and ETH 1.01% dipping below the $3k mark once again. The likely cause of the drawdown was upward pressure on the DXY 0.00% and a lack of follow-through in flows. Among the few outperformers of the day were RUNE 6.80% , the native token of the cross-chain swapping protocol Thorchain, and Ethereum Classic (ETC 0.82% ), possibly driven by...

BTC DXY ETC ETH RUNE SOL
Executium 6meY2WdaIVg Unsplash

Rates are broadly lower again on Tuesday, with the US 10Y nearing 4.4%, down from 4.7% just under a week ago. Risk assets are on the rise, with both the $SPX and $QQQ showing gains today. Crypto performance is mixed so far, with BTC 0.47% retesting the $63k level after US market open, following a rally to just over $64k in the early morning hours. Meanwhile, ETH 1.01% is still hovering just...

BTC ENA ETH ETHBTC GBTC NVDA QQQ RNDR SOL SPX USD

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