Crypto Daily Report – January 13

Jan 13, 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 13, 2022The bounce in the crypto market slowed overnight, with the overall market increasing by 0.6% to reach $2.1T. Bitcoin and Ethereum increased to $43.7k (up 1.1%) and $3.4k (up 1.6%), respectively. Bitcoin's hash rate has nearly recovered to its ATH after civil unrest in Kazakhstan, the world's second-largest mining hub after the US, led to a forced power outage and the consequential shut down of 11% of the global hash rate. Sources report that almost 90% of its mining capacity is back online, working to secure the Bitcoin network.Switzerland is ready to integrate a CBDC into its economy following the successful completion of a test run. The Swiss are not issuing a CBDC from the central bank into retail accounts. Instead, the country is working to implement a digital token infrastructure through which digital cash tokens can be exchanged for tokens of other financial assets like stocks. This infrastructure is expected to increase efficiency and reduce the costs of trading assets while aiding regulatory or

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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...

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...

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