Crypto Daily Report – January 20

Jan 20, 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 20, 2022It's been a pretty flat 24 hours, with the overall crypto market down 0.3%. Bitcoin is matching the market, down 0.3% to $41,965, but Ethereum is up 0.4% to $3,132. While the overall crypto market has gone down almost 12% in 2022, the stablecoin market has increased by over 6% in the same timeframe. We are seeing many investors move out of the large layer 1s, but stay within crypto by swapping into stablecoins to yield farm while they wait for signs of positive price action.Brazil is about to list the first ever DeFi ETF, Hashdex's DEFI11. The ETF will be tracking CF Benchmark's DeFi index, CF DeFi Modified Composite Index, with a blend of large DeFi protocols, service and scalability solution protocols, and Ethereum. Some of the protocols being incorporated will be Uniswap, Aave, Compound, Chainlink, and Polygon, among many others.In other Latin America news, El Salvador announced that it will be developing a regulatory system that will allow small businesses to take out low-interest loans in Bitcoin.

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CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC -0.07% TESTING THE $65K LEVEL, ETH -1.02% TRADING AROUND $3500, AND SOL -2.41% APPROACHING $140. The ETHBTC ratio is declining again after a weekend relief rally sparked by news from Bloomberg ETF expert Eric Balchunas on Friday evening, clarifying his timeline for the ETH ETF launch. Meanwhile, the DXY continues its upward trajectory from the post-CPI selloff,...

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