Crypto Daily Report – February 3

Feb 3, 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 FSInsightFebruary 3, 2022Following a c.18% rally since pre-FOMC jitters last week, digital asset markets have since retraced approximately a third of those gains. BTC and ETH are both down 2% over the last 24hrs, implying a relatively strong correlation to traditional financial markets. Despite macro headwinds reverberating through risk-on asset classes, we reiterate our Bitcoin target of $200k due to the paradigm shift from payment network to store of value. We also voiced an Ethereum target of $12k, underpinned by its ability to generate high cash flows and relative cloud company comparisons. For a more detailed thesis on our Digital Assets Outlook in 2022, head to our member portal, where you can replay the webinar and download a copy of the deck.  Wormhole bridge, a token portal spanning across several EVM & non-EVM Layer 1s, has been exploited for close to 120k ($323m) in ETH. Through an on-chain message, the team reached out to the attacker to offer a bounty of $10 million in exchange for exploit details and the return

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