Crypto Daily Report – December 13

Dec 13, 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 13, 2021The crypto market is down about 2% this morning, currently just below $2.2T in total market cap. Bitcoin showed a bit of strength this weekend, bouncing off the $47,000 level to $50,000 but has since weakened and is down 3.25% over the past 24 hours. From an on-chain perspective, we can observe that new investors continue to enter the market. Since mid-October the supply of bitcoin owned by short-term holders has increased over 330,000 btc. Most alts are also trading lower this morning including Ethereum which is down 2.75%. Investors across all asset classes, including crypto, will have their eyes on the Fed this week as it holds its two-day December meeting starting on Tuesday.Yesterday, the CEO of Mubadala Investment Company, one of the United Arab Emirates sovereign wealth funds which manages over $240B said he is considering investing in the "crypto ecosystem." He went on to explain further that "while many people are skeptics, I do not fall in that category"..."I think we look at the ecosystem a

Unlock this page with a FREE 30-Day Trial!

*Free trial available only on a monthly plan

Reports you may have missed

CRYPTO MARKET UPDATE DESPITE BEING THE LAUNCH DAY FOR ETH ETFS, CRYPTO BROADLY MOVED LOWER IN THE EARLY MORNING HOURS TODAY, POSSIBLY DUE TO MOVEMENT OUT OF THE MT. GOX TRUSTEE WALLETS. Mt. Gox sent approximately $130 million in BTC to Bitstamp, leaving about 90k BTC remaining in the trustee wallets. This move lower was likely also influenced by a rise in the DXY. Currently, BTC is trading around $66.5k,...

CRYPTO MARKET UPDATE U.S. EQUITIES ARE CONTINUING THIS WEEK’S SELL-OFF, WITH THE SPY -2.07%  AND QQQ -3.27%  BOTH DECLINING APPROXIMATELY 0.28%, WHILE THE DXY AND TREASURY YIELDS INCH UPWARDS. In contrast, BTC is moving sharply higher, trading at $65.8k, with rumors circulating that former President Trump will unveil plans to add Bitcoin as a strategic reserve at next week’s Bitcoin conference. ETH is trading at $3,450 ahead of potential S-1 approval after...

Sign in to read the report!

We have detected you are an active member!

or
Ray: fe414d-b87607-b16099-8fb5cd-119e1c