Crypto Daily Report – February 24

Feb 24, 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 24, 2022Russia's invasion of Ukraine last night roiled crypto markets alongside traditional equities. The overall market dropped 10.6% over the past 24 hours, dropping steeply after the invasion began. Bitcoin has fallen 9.2% to $35.3k, and Ethereum fell 12.7% to $2,360. Bitcoin perpetual funding rates turned positive to 0.001% after briefly dropping to -0.004% yesterday as liquidations took out 2.7% of open interest on Bitcoin derivatives.Miners in Kazakhstan have been leaving the country en masse after the government announced that it would be raising taxes and electricity costs on Bitcoin miners. Kazakhstan quickly grew to the second-largest country for mining after China announced its ban on the practice. Now, a little over 30% of the country's capacity has moved to other, more accepting countries like the US and released a study finding that 75% of its userbase would like to transact general e-commerce through cryptocurrencies, and 60% of users who own businesses would be willing to acc

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CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC -0.92% TESTING THE $65K LEVEL, ETH -3.50% TRADING AROUND $3500, AND SOL -5.29% 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,...

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