Crypto Daily Report – February 8

Feb 8, 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 8, 2022The total crypto market is down slightly (-1.0%) over the past 24 hours and is currently hovering around $2.0T in market cap. Individual digital asset performance is a mixed bag with Bitcoin up 1.84% and Ethereum flat. After showing strength over the past few trading sessions alt L1s like Solana (-5.14%) have given back some gains in the past 24 hours. While funding rates on Bitcoin perpetual futures contracts we're mostly negative yesterday, they have since flipped positive indicating a slightly long bias amongst traders. However, more importantly the constant back and fourth from negative to positive funding rates over the past month likely highlights a level of indecisiveness in the market.Yesterday, KPMG Canada announced that it will be allocating a portion of its corporate treasury to bitcoin and ether. Managing partner, Benjie Thomas, said "This investment reflects our belief that institutional adoption of cryptoassets and blockchain technology will continue to grow and become a regular part of t

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CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC -0.53% TESTING THE $65K LEVEL, ETH -1.29% TRADING AROUND $3500, AND SOL -2.69% APPROACHING $140. The ETHBTC ratio is declining again after a weekend relief rally sparked by news from Bloomberg ETF expert Eric Balchunas on Friday evening, clarifying his timeline for the ETH ETF launch. Meanwhile, the DXY continues its upward trajectory from the post-CPI selloff,...

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