Crypto Daily Report – February 9

Feb 9, 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 9, 2022Over the past 24 hours, majors BTC and ETH remain hovering at the $44k and $3.1k levels, respectively. Prior cycle majors (ETC, XRP, LTC, and EOS) and meme coins (DOGE, SHIB) have been significant gainers in the last 24 hours, potentially signaling the market's risk-on appetite. However, since yesterday, funding rates have flipped negative. Aggregated open interest over BTC and ETH have increased c.20% off the lows from 2 weeks ago, reinforcing our thesis that markets remain indecisive about the next momentum-driven move, at least for the short term.  The Department of Justice charged a couple in connection with almost 120k BTC ($3.6 billion) from the Bitfinex hack back in 2016, one of the largest centralized exchange compromises to date. Ilya Lichtenstein and Heather Morgan appeared in federal court yesterday afternoon, hours after being nabbed from their Manhattan residence. While Ilya's LinkedIn profile suggests that he invests in decentralized projects, many have pointed out the irony in the stor

Unlock this page with a FREE 30-Day Trial!

*Free trial available only on a monthly plan

Reports you may have missed

CRYPTO MARKET UPDATE Despite rates moving lower today, the DXY is surging higher due to weak economic data from Europe. This is a major driver behind the move lower in crypto, with BTC -0.68% breaking below $67k, ETH 0.33% finding support around $3500, and SOL -1.55% hovering near $152 after bouncing off $150 this morning. Investors are treading carefully ahead of tomorrow's CPI and FOMC announcements, where headline inflation is expected at 3.4%...

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 1/1

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In