Crypto Daily Report – December 17
Dec 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 FSInsightDecember 17, 2021The global crypto market cap is hovering at $2.15T today, a 4.62% decrease over the past 24 hours. Bitcoin wicked below $45,500 this morning, with Ethereum following suit at $3,600. Out of the Layer 1 networks, Avalanche (AVAX) has held up the strongest, trading at $113 at time of writing, up 43% since Tuesday's low of $77. The Chief Economist of the International Monetary Fund (IMF) has pitched for a global policy that will regulate cryptocurrency instead of banning it. Gita Gonipath recognized the practical obstacles of banning cryptocurrencies given their decentralized nature and acknowledged the attractiveness of the asset class to emerging markets relative to developed economies. The comments of the soon-to-be deputy managing director of the IMF come at a time when dialogue surrounding the crypto space has become learned and inquisitive.Consensys has launched "Consensys Rollups" in partnership with Mastercard's engineering team. The rollup is a modular solution for apps providing scalability and