Crypto Daily Report – December 3

Dec 3, 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 FSInsightDecember 3, 2021Despite holding up relatively well against legacy markets all week, the global crypto market cap is trading approximately 2% lower as it dips in concert with risk-on equities in the wake of a mixed jobs report. Interestingly, Bitcoin, Ethereum, and the NASDAQ Composite are all down 2.25-2.50% on the daily chart. This correlative selling action is similar to last Friday when investors across all risk assets collectively rushed to cash. If you recall, on Saturday, the crypto markets rebounded as institutional selling pressure lessened. We would not be surprised to see a similar dynamic transpire when the jobs report dust settles tomorrow. Amid the current market tumult, we are seeing LUNA, the native token of the Terra layer 1 network perform soundly. The token is up 8% over the previous 24 hours, reaching a new all-time high of $69.74. The recent outperformance of LUNA comes on the heels of a network upgrade that enacted the burning of a considerable amount of existing supply (akin to a share buyback b

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