Crypto Daily Report – February 25

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 25, 2022The global crypto market experienced a significant bounce yesterday afternoon following sanctions issued against Russia. Strong bids around $34k launched bitcoin higher and catalyzed short liquidations. The rest of the market followed suit, recording over $300 million in short liquidations over the past 24 hours across all cryptoassets. At the time of writing, BTC and ETH are trading 9% and 10% higher, while emerging smart contract platforms such as AVAX (+8%), LUNA (13%), and FTM (+14%) have recorded significant bounces as well. We continue to witness these exaggerated price movements in both directions as a low volume spot market is paired with an active derivatives environment.Coinbase released its Q4 earnings yesterday evening, beating expectations with $2.5 billion in net revenue, $1.2 billion in adjusted EBITDA, and an all-time high in trading volumes. Its monthly active users increased from 7.4 million in Q3 to 11.4 million. Per management, the recent growth is primarily attributed to an increa