Crypto Daily Report – February 14

Feb 14, 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 14, 2022On Friday, the global crypto market shed some of its recent gains following a reported increase in tensions between Russia and Ukraine. Bitcoin tumbled late Friday afternoon but found support around $42k while ether found support around $2.9k. Bitcoin dominance continues to increase, passing 42.5% for the first time in 3 months, as crypto investors seemingly rotate to BTC from more speculative altcoins. Despite crypto stealing the spotlight at the Super Bowl, the market is relatively flat compared to yesterday. The global crypto market is trading 0.3% higher while BTC and ETH trade 1.0% and 2.3% higher, respectively. In a letter to several Senators working to develop more explicit tax reporting guidelines surrounding crypto, the US Treasury said it does not plan to treat miners, stakers, or developers as brokers. There was previously a concern among crypto advocates that broad language snuck into the Infrastructure Bill in August would leave these industry participants vulnerable to unrealistic tax r

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 CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC 0.14% TESTING THE $65K LEVEL, ETH -0.68% TRADING AROUND $3500, AND SOL -1.87% 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,...

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