Most Important Daily
Data and News for Digital Assets |
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Data for Digital Assets |
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| Daily Updates from FSInsight | January 27, 2022 |
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- The 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 come up with an effective regulatory environment to help further Russia's position in crypto.
- The SEC is investigating three crypto lending platforms, allegedly over whether the lending services should be considered securities. If the Commission finds that the services are used as securities, then they need to be registered with the SEC. Another concern is the high-yield nature of the services, raising questions around the security of investors' deposits in the platforms. It is worthwhile to note that the SEC is not accusing any company of wrongdoing, and that the investigation is likely to be collaborative to help tighten up crypto lenders' consumer protection.
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| Daily Technical Strategy | | Decentraland has finally begun to show some evidence of bottoming out following a near 65% collapse in the last two months. MANAUSD had been one of last quarter's strongest performing coins, so the ability to stabilize and take the lead in strengthening is important at a time when many coins look to have hit initial support. Gains look likely in the short run up to 2.63, which lines up near lows from the first week of January along with an area of trendline resistance (Former support now becomes resistance) Strength up above $3.20 would be a significant near-term positive for MANA, allowing for a push up to 3.80 or even $4.30 without much trouble. On the downside, 1.70 stands out as the most important area of support to hold on any pullback. | |
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| Daily Important Metrics | | Sentiment 
Crypto Size Bearish Signal Bullish signal is tied to the crypto market growing Market Cap $1.7T $-57.6B (-3.34%) BTC Dominance 41.79% (+0.17%) | Stable Coins Bullish Signal Increase in circulating stablecoins is a Bullish signal In Circulation $78B (+0.04%) In Exchanges $7.5B (+1.80%) | Stablecoin Supply Ratio Bearish Signal Ratio between Bitcoin supply and the supply of stablecoins, denominated in BTC SSR 4.62 (2.28%) SSR Oscillator -1.99 (-4.61%) | Funding Rate Bullish Signal Positive funding rates indicate traders are Bullish Bitmex -0.0111% (-49%) Binance -0.0061% (+149%) |
| BTC Metrics Bullish Signal A decrease in Bitcoin on exchanges is bullish, indicates investors are moving coins to cold storage # BTC in Exchanges 2.5M (-0.25%) | Futures CME Bullish Signal A positive spread between Futures Prices and Spot Prices is Bullish BTC Price $36,835 (-3.08%) Spot Basis $37.78 (0.10%) Volume 16,683 (15%) Open Interest 11,097 (-5.61%)
| Options CME No Signal Higher open interest change in a bull market is bullish for the sector Volume 78.00 (129%) Open Interest 2,122 (3.06%) Calls CME Bullish Signal Calls Volume 65.00 (195%) Calls Open Interest 618 (11%) Puts CME Bearish Signal Puts Volume CME 13.00 (8.33%) Puts Open Interest 1,504 (0.13%) |
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| | All metrics as of January 27, 2022 2:30 AM |
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| Symbol | Market Cap | Last Price | Daily Change | Year to Date | Relative to BTC YTD |
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| BTC | $697B | $36,797 | -3.66% | -21% | | | ETH | $296B | $2,483 | -5.43% | -33% | -12% | | BNB | $62B | $374 | -4.97% | -28% | -6.42% | | ADA | $35B | $1.06 | -4.97% | -20% | 0.99% | | XRP | $29B | $0.6134 | -3.00% | -27% | -5.77% | | SOL | $29B | $92.78 | -7.23% | -46% | -25% | | DOGE | $19B | $0.1440 | -4.19% | -16% | 5.33% | | DOT | $18B | $18.10 | -5.95% | -34% | -12% | | LTC | $7.6B | $109 | -3.20% | -27% | -5.19% | | LINK | $7.2B | $15.39 | -6.51% | -22% | -0.86% | | BCH | $5.5B | $292 | -4.21% | -33% | -11% | | Our Deep Research Projects | | AVAX | $16B | $66.21 | -5.73% | -40% | -18% | | IOTA | $2.3B | $0.8221 | -3.13% | -40% | -18% | | BSV | $1.7B | $91.18 | -1.92% | -25% | -3.75% | | AMP | $1.3B | $0.0297 | -7.53% | -39% | -17% | | ZIL | $553M | $0.0448 | -4.47% | -41% | -20% | | ZEN | $449M | $37.38 | -0.94% | -39% | -18% |
All prices as of January 27, 2022 1:56 PM |
| Exchanged Traded Products (ETPs) | |
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| Symbol | Premium to Nav | Last Price | Daily Change | Year to Date | Relative to BTC YTD |
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| GBTC | -26% | $35.71 | -2.70% | 4.26% | 26% | | BITW | -22% | $41.88 | -2.83% | 9.78% | 31% | | ETHE | -19% | $32.93 | -5.18% | -68% | -47% | | QBTC | -3.72% | $62.82 | 1.72% | 2.95% | 24% |
All prices as of January 27, 2022 8:56 AM |
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| Symbol | Market Cap | Last Price | Daily Change | Year to date | Relative to BTC YTD |
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| PYPL | $216B | $158 | -2.66% | -16% | 5.10% | | SQ | $76B | $111 | -2.78% | -31% | -9.92% | | COIN | $65B | $178 | -8.32% | -30% | -8.24% | | SBNY | $18B | $305 | -1.45% | -5.61% | 16% | | HOOD | $15B | $12.50 | -6.37% | -30% | -8.19% | | MSTR | $6.1B | $346 | -12% | -36% | -15% | | SI | $4.2B | $99.70 | 2.35% | -33% | -11% | | MARA | $3.5B | $21.20 | -12% | -35% | -14% | | RIOT | $2.7B | $14.22 | -10% | -36% | -15% | | MOGO | $223M | $2.11 | -9.25% | -38% | -17% |
All prices as of January 26, 2022 5:48 PM *COIN YTD since 14/04/2021 |
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| | | | Chainalysis report detailed how cyber criminals laundered their crypto funds in 2021 compared to the previous year, with DeFi protocols seeing the biggest increase in use. |
| | | MicroStrategy Chief Financial Officer Phong Le says the firm will continue to purchase bitcoin despite recent downturns. The post MicroStrategy will continue to purchase bitcoin this year, says CFO appeared first on The Block. |
| | | The star-crossed project had been in discussions with investment bankers to sell its key assets and return money to investors. |
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| | | | The number of global crypto owners is expected to exceed one billion by the end of the year, according to a report by Crypto.com. “Nations can no longer afford to ignore the growing push to crypto by the public. We may in many cases expect a friendli... |
| | | Relationship between digital and traditional markets has tightened since 2020, research shows |
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| | | | IRS chief sees “mountains and mountains” of fraud in NFTs and cryptocurrencies as demand continues to rise going forward in 2022. |
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| | | | Gemini Galactic, an affiliate of cryptocurrency exchange Gemini, received approval from the Financial Industry Regulatory Authority (FINRA) to operate a broker-dealer registered with the SEC and is now a FINRA member. The post Gemini Galactic approv... |
| | | The SEC’s main concern reportedly lies with the high-yield offering by crypto lending services, which are often considerably higher than most savings banks. |
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| | | | Fireblocks has achieved the same valuation of FTX US by providing custody and back-end crypto services to banks and investors. |
| | | CoinTracker, a crypto startup that helps users report and file taxes, has raised $100 million in a Series A funding round. The post Crypto tax reporting platform CoinTracker raises $100 million in Series A funding appeared first on The Block. |
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| | | | Crypto unicorn MoonPay has announced a new checkout tool that will give people a way to buy NFTs without using cryptocurrency. The post MoonPay rolls out credit card checkout tool for NFT purchases appeared first on The Block. |
| | | Reddit joins the NFT bandwagon by testing a new feature that will allow users to add any NFT they own as a profile picture, so let’s find out more today in our latest cryptocurrency news. The latest social media giant to embrace the NFT sector is Red... |
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| | | | Valkyrie has filed for an ETF that will invest the majority of its net assets in companies focused on bitcoin mining. The post Valkyrie files for bitcoin mining ETF appeared first on The Block. |
| | | Putin says that a surplus of electricity and well-trained personnel gives Russia a “competitive advantage” in crypto mining. |
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