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Crypto Daily Report – January 11

Jan 11, 2022
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 FSInsightJanuary 11, 2022The broad crypto market is up 1.38% to $2.0 trillion this morning with Bitcoin (+2.62%), Ethereum (+4.76%), and alts all trading higher. Since selling off 20% Bitcoin appears to have caught at least temporary support above $40,700 - a level that has proven critical since January 2021.Despite the sell-off in liquid crypto tokens over macro concerns, NFT prices have shown strength. The floor prices of Bored Apes are up 9% in the last seven days, while Doodles are up 47%, and World of Women are up 56% in the same period. Additionally, volume on OpenSea has been strong over the first ten days of January and is on pace for a new monthly record.The Fed is expected to publish their report on digital currencies "within weeks" according to Fed Chairman Powell. The report is anticipated to discuss central bank digital currencies and "be an exercise in asking questions and seeking answers from the public." The Fed's report is timely given the PBOC's recent launch of its digital Yuan CBDC for the Beijing 2022 Wint

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