Crypto Daily Report – January 27
Jan 27, 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 27, 2022The global crypto market displayed optimistic price action into the FOMC meeting yesterday, only to reverse said gains and finish the trading day where it started. Compared to 24 hours ago, the overall crypto market cap is down 5.2%, as Bitcoin and Ethereum trade 3.0% and 2.9% lower, respectively. It's likely that the selling pressure was heavily influenced by short-term holders (STH) taking advantage of the brief moment of profitability, with STH SOPR showing heavy resistance at par the entire day.Russian President Putin hardened his stance in favor of continuing the country's involvement in the digital assets economy, refusing a request from the country's central bank to put a blanket ban on investing in digital assets. At the same time, he also laid out a framework by which the country will regulated its Bitcoin miners, highlighting advantages that the energy-rich country can offer its miners for a competitive advantage in the sphere. The Kremlin is hoping to work with the central bank in order to c