Crypto Daily Report – September 17

Sep 17, 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 Updates from FSInsightSeptember 17, 2021At 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

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We are finally starting to see some relief in interest rates and the DXY 0.00% following yesterday's FOMC meeting and the Treasury's quarterly refunding announcement. BTC 2.69% has rebounded from yesterday's low of $56.5k and is now trading just above $59k, while ETH 1.54% is attempting to break through $3k resistance. SOL 2.94% has outperformed, gaining 10% compared to BTC yesterday and is now trading just below $140. The market is showing decent breadth...

We are witnessing a continuation of the recent weakness in crypto markets today, with BTC 2.69% now testing $60k, ETH 1.54% just below $3k, and SOL 2.94% dipping under $130. The broader altcoin market is experiencing even more pronounced declines, with very few names posting a green candle today. The market was pushed lower in the overnight hours following a disappointing debut from the Hong Kong ETFs (more on that below). However, this...

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