Crypto Daily Report – January 28

Jan 28, 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 28, 2022The crypto market is 0.75% lower to $1.7T over the past 24 hours. Individual digital assets are trading inline with their perceived risk with Bitcoin (-0.3%) down the least, followed by Ethereum (-3.75%), and alts down more on average. Bitcoin funding rates, after holding negative for the past couple days have flipped positive for the time being indicating mixed feelings amongst traders. EIP1559 remains a positive supply-side catalyst for Ethereum. Since the update over 1.6M ETH has been burned out of existence representing over $4.0B at current prices.Yesterday, a report was published indicating that the White House is preparing an executive action regarding crypto. The report notes that the Biden Administration views crypto regulation as a "matter of national security" and the executive action will put more pressure on government agencies to devise a regulatory framework for the space. The report follows a similar one published in Bloomberg last week, as well as Putin's recent comments on Russia's pr

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We are finally starting to see some relief in interest rates and the DXY 0.00% following yesterday's FOMC meeting and the Treasury's quarterly refunding announcement. BTC 5.30% has rebounded from yesterday's low of $56.5k and is now trading just above $59k, while ETH 3.02% is attempting to break through $3k resistance. SOL 5.18% has outperformed, gaining 10% compared to BTC yesterday and is now trading just below $140. The market is showing decent breadth...

We are witnessing a continuation of the recent weakness in crypto markets today, with BTC 5.30% now testing $60k, ETH 3.02% just below $3k, and SOL 5.18% dipping under $130. The broader altcoin market is experiencing even more pronounced declines, with very few names posting a green candle today. The market was pushed lower in the overnight hours following a disappointing debut from the Hong Kong ETFs (more on that below). However, this...

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