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Crypto Daily Report – February 4

Feb 4, 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 4, 2022Bitcoin and Ethereum continue their week of robust performance despite the release of favorable job numbers this morning and a subsequent increase in the US 10-year, as they trade 10% and 13% higher, respectively. Much of the momentum is likely due to $160 million of combined short liquidations for BTC and ETH over the past 24 hours. Elsewhere, metaverse names are performing well, as the Metaverse Index (MVI) is trading 11% higher on the day. This follows a week in which Facebook (Meta), the social media company looking to build a centralized version of the metaverse, sold off dramatically. As a bout of extreme winter weather approaches Texas, several large bitcoin miners have powered down operations to ease the burden on the Texas power grid (ERCOT). This event could serve as an early test as to whether BTC mining can help power grids increase capacity and thus become more stable during instances of irregular demand. Last year, before a plurality of hash rate migrated to the US, Texas experienced a s

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