Crypto Daily Report – February 23

Feb 23, 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 23, 2022The total crypto market is up 2.4% over the past 24 hours with Bitcoin (+3.1%), Ethereum (+4.8%), and most large-cap tokens showing strength. Smart contract platforms are looking particularly strong, with ADA (+7.29%), SOL (+7.40%), and AVAX (+11%) all up. One of the most bullish indicators for the crypto market broadly is Bitcoin's hash rate, which continues to make new all time highs. On a rolling 30-day basis, Bitcoin's hash rate is now 20% above the previous high set in May 2021 and has more than doubled since its low following the Chinese mining crack-down last year.Yesterday, the Brazilian Senate's Economic Affairs Committee unanimously approved a proposed bill that would provide more regulatory oversight for crypto in South America's largest economy. Senator Iraja Abreu said, "The intention of the project is to curb or restrict illegal practices, such as money laundering, tax evasion, and many other crimes. There is a market that is licit, legal, which is the vast majority of this market, but t

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CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -1.53% climbing back above $61,000 and SOL -1.97% moving above $145, while ETH -0.05% is lagging, trading around $2,400. Among today's outperformers is SUI -4.13% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...

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