Header logo
  1. Research
  2. Crypto Research
  3. Market Update

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

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Crypto subscription is required in order to access this content.

*Free trial available only on a monthly plan

Already a member?

Reports you may have missed

FSInsight Puts Ethereum At $12,000 EOY, Bullish Forecast For Bitcoin

CRYPTO MARKET UPDATE The crypto market is moving higher today, lifted by stronger-than-expected jobs numbers. The BLS reported 254k jobs added last month, far exceeding the market estimate of 140k, while August's figures were revised up from 142k to 159k. The unemployment rate also dropped to 4.1% from 4.2%. In response, rates rallied, the DXY spiked, and the futures market largely priced out the possibility of a 50 bps rate...

BTC -0.14% ETH -1.46% RENDER -2.90% SOL -1.71% STX -1.76% TAO -4.44% TIA 2.28% WIF -1.19% XMR -1.67% WULF
Bitcoin will hit $200,000 in the second half of 2022, predicts FSInsight

MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -0.14% falling to $60k and ETH -1.46% approaching the low $2,300s. Aptos (APT 0.83% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE -1.85% is also showing slight gains following...

AAVE -1.85% APT 0.83% BTC -0.14% ETH -1.46% TOTAL XRP -1.05%
Invesco ditches its plan to launch a US bitcoin futures ETF any time soon, just before the first-ever makes its debut

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -0.14% climbing back above $61,000 and SOL -1.71% moving above $145, while ETH -1.46% is lagging, trading around $2,400. Among today's outperformers is SUI -0.70% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...

BTC -0.14% ETH -1.46% SOL -1.71% SUI N/A% XRP -1.05% QQQ -0.89% SPY -0.46%
Jievani Weerasinghe NHRM1u4GD A Unsplash

MARKET UPDATE Markets are selling off in the first day of Q4, fueled by geopolitical fears as tensions rise in the mid-east. The SPY -0.46%  and QQQ -0.89%  have dropped 1.14% and 1.92%, respectively, while the VIX has surged over 17%. XAU and DXY are gaining as investors move towards safe-havens. Crypto assets have also sold off, with BTC -0.14% briefly dropping below $62k and ETH -1.46% below $2.5k. Among altcoins, SUI -0.70% is showing...

AAVE -1.85% APT 0.83% BLAST 0.00% BTC -0.14% EIGEN 0.33% ETH -1.46% LDO -1.25% POL N/A% SUI N/A% TON -31.04% QQQ -0.89% SPY -0.46% XAU

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 1/1

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In