Crypto Daily Report – December 8

Dec 8, 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 8, 2021The overall crypto market is up 1.0%, building on the gains made in the past couple of days. Bitcoin is down 1.2%, but Ethereum is up 0.9%. It appears that the recent balancing act may be coming from large-wallet investors taking short-term profits from buying last weekend's dip, with enough smaller investors willing to pick up the slack. During Saturday's dip, Bitcoin addresses holding more than 100k Bitcoin increased their supply by 3%, while those with greater than 1 Bitcoin decreased their holdings. Since then, the trend has flipped, where the supply held by large wallets has been decreasing, and all other wallet sizes have increased their share of holdings.On a more positive note, it appears that the US government is taking crypto seriously on multiple fronts. On December 14th, the Senate Banking Committee will hold a hearing to educate lawmakers on stablecoins. The witnesses have been reaching out to stablecoin issuers to understand how the coins work to properly communicate how stablecoins can b

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