Crypto Daily Report – January 26

Jan 26, 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 26, 2022The global crypto market cap is currently trading at $1.7t, a 4.5% increase over the 24 hours. This recent recovery has been led by the King of digital assets, illustrated by the rise of Bitcoin dominance from 40% to 42% over the past week. Funding has grown increasingly negative amidst higher cash-margined open interest, reflecting the negative sentiment heading into today's FOMC meeting on rate hikes. While rate hikes are necessary to curb recent inflation spikes, markets may have fully priced in these expectations, and market conditions may be pointing towards a favorable move after the meeting. Chicago-based crypto exchange FTX US has raised $400m in funding at an $8b valuation, led by Softbank Group, Temasek Holdings, Paradigm, and Multicoin Capital. President Brett Harrison has indicated that these funds will be used to further its offerings and expand its workforce. One such deal was inked in 2021, where FTX US acquired LedgerX to expand its spot trading services by offering investors BTC and E

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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -0.27% falling to $60k and ETH -0.53% approaching the low $2,300s. Aptos (APT 0.76% ) 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 -0.24% is also showing slight gains following...

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -0.27% climbing back above $61,000 and SOL 2.30% moving above $145, while ETH -0.53% is lagging, trading around $2,400. Among today's outperformers is SUI 15.19% , 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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