Crypto Daily Report – January 25

Jan 25, 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 25, 2022The crypto market continues to follow the directional price action of US equities, as both markets witnessed a considerable rebound yesterday, each finishing in the green after an inauspicious start to the trading day. The global crypto market swung 7.2% higher over the past 24 hours, with Bitcoin and Ethereum both jumping 7.4%. It appears the wild ride might not be over though, with Nasdaq futures down 2% at the time of writing as investors await clarity from the Fed, who will issue a statement tomorrow regarding their updated view on the economy.Transactions on the Fantom ($FTM) network surpassed Ethereum for the first time yesterday. Fantom recorded 1.2 million transactions over 24 hours, edging out Ethereum's 1.1 million. This is coming after Fantom became the third-largest DeFi ecosystem by liquidity deployed, with over $12.2 billion in TVL across 129 DeFi applications on the network. This supports the thesis that pockets of crypto-native capital will continue to be put to work regardless of the m

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