Crypto Daily Report – February 10
Feb 10, 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 10, 2022This morning, crypto reacted surprisingly well to this morning's release of the US CPI numbers. The overall market briefly dipped 3.0% only to recover to being up 1.2% ($2.0T) over the past 24 hours, back below the $2T mark, and Bitcoin outperformed Ethereum, going up 1.9% ($45k), while Ethereum is up 0.6% ($3.2k). February's bounce shows signs of slowing down shortly, possibly taking a temporary hiatus after a 26% run over two weeks. The 10- and 14-day rate-of-change momentums for the overall crypto market cap both appear to have peaked after experiencing a near 200% turnaround from the negative peaks we saw at the end of January following the last significant drop of the three-month-long bear market. The same trend appears with both Bitcoin and Ethereum.Big news yesterday came from Russia as the country's central bank reached an agreement with the Kremlin on moving forward on crypto regulation. The most significant step that the government is taking is reclassifying crypto tokens as currencies inste