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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

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