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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We are finally starting to see some relief in interest rates and the DXY 0.00% following yesterday's FOMC meeting and the Treasury's quarterly refunding announcement. BTC 4.33% has rebounded from yesterday's low of $56.5k and is now trading just above $59k, while ETH 2.71% is attempting to break through $3k resistance. SOL 2.74% has outperformed, gaining 10% compared to BTC yesterday and is now trading just below $140. The market is showing decent breadth...

We are witnessing a continuation of the recent weakness in crypto markets today, with BTC 4.33% now testing $60k, ETH 2.71% just below $3k, and SOL 2.74% dipping under $130. The broader altcoin market is experiencing even more pronounced declines, with very few names posting a green candle today. The market was pushed lower in the overnight hours following a disappointing debut from the Hong Kong ETFs (more on that below). However, this...

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