Crypto Daily Report – February 18

Feb 18, 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 18, 2022The global crypto market is looking to re-establish its footing following a day of intense selling pressure across most crypto sectors driven primarily by the headline risk of a potential Russian invasion of Ukraine. Markets saw over $300 million in liquidations over the past 24 hours, most of which were of long positions. Bitcoin and ether appear to be finding support at the $40k and $2.8k levels, respectively, down 3.7% and 5.2% over the last 24 hours. Leading layer 1 platforms such as AVAX, SOL, and LUNA are all down over 7% at the time of writing. In an interview yesterday, US Senator Cynthia Lummis suggested that the US Federal Reserve should hold bitcoin on its balance sheet once there is a clear regulatory framework. She noted that bitcoin is likely to become more ubiquitous globally due to its decentralized nature. Lummis has been one of the most vital voices in Congress in support of crypto and now is the first sitting member of Congress to favor the US taking a real stake in the network.Add

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