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Crypto Daily Report – January 24

Jan 24, 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 24, 2022Equity and crypto markets continue to slide as the S&P 500 is down another 2.5%, and the Nasdaq is nearly 3.0% lower at the time of writing. Cryptoassets continue to exhibit a strong correlation with equities. The global crypto market cap is down 7%, as Bitcoin (down 5%) and Ethereum (down 10%) approach their 6-month lows. Over the previous 24 hours, over $400 million of positions across all cryptoassets were liquidated, as persistent leverage in a structurally weak market has caused losses to pile up for many traders. Investors' eyes are the Fed meetings taking place this week as there has been an undeniable fear baked into risk assets in anticipation of a rate hike in March. In case you missed it, check out our previous weekly note for more in-depth commentary regarding our thoughts on the current environment and how we are thinking about the rest of this year.Hayden Adams, the founder of leading decentralized exchange Uniswap, tweeted Sunday that JP Morgan Chase had closed his bank accounts without

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