Crypto Daily Report – March 7

Mar 7, 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 FSInsightMarch 7, 2022The global crypto market (+0.10%) is trading slightly higher over the last 24 hours as bitcoin (+0.12%) hovers slightly below $39k, and ETH (-0.74%) trades just above $2.6k. Meanwhile, smart contract platforms such as AVAX (-0.03%), LUNA (-2.31%), and SOL (-2.57%) are trading marginally lower. Stocks were mixed at market open after crude futures hit $130 on Sunday night before pulling back. Much of the energy-related uncertainty continues to stem from the ongoing war between Russia and Ukraine. If global financial markets did not have enough to consider this week, CPI data will be released on Thursday, with current forecasts projecting to a figure of 7.8% for February.Binance's new collaborative approach to working with regulators appears to be paying off as the leading crypto exchange has resumed bank transfers for account holders in Europe less than a year after suspending service due to pressure from regulators. Most Europeans using Binance now have access to deposit and withdrawal services on traditio

Unlock this page with a FREE 30-Day Trial!

*Free trial available only on a monthly plan

Reports you may have missed

CRYPTO MARKET UPDATE Despite rates moving lower today, the DXY is surging higher due to weak economic data from Europe. This is a major driver behind the move lower in crypto, with BTC -0.98% breaking below $67k, ETH -1.02% finding support around $3500, and SOL -3.30% hovering near $152 after bouncing off $150 this morning. Investors are treading carefully ahead of tomorrow's CPI and FOMC announcements, where headline inflation is expected at 3.4%...

MARKET UPDATE EQUITIES ARE GAINING TO START THE WEEK, WITH THE ^SPX -0.37%  RISING ABOVE $5,350 AND THE NDQ ABOVE $19,060, AS THE MARKET PREPARES FOR AN EVENTFUL MACROECONOMIC WEEK. May CPI data and a FOMC meeting are slated for Wednesday, followed by PPI on Thursday and consumer sentiment data on Friday. Rates spiked aggressively on Friday after higher-than-expected non-farm payrolls, but a soft CPI report could result in a dovish...

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 1/1

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In