Crypto Daily Report – March 8

Mar 8, 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 8, 2022The crypto market is marginally lower (-0.25%) over the past 24 hours, with Bitcoin (-0.42%) and Ethereum (-1.19%) both down. Most alternative smart contract platforms are trading lower as well with SOL (-1.81%), AVAX (-4.81%), FTM (-5.41%), and ADA (-4.17%) showing relative weakness. From an on-chain perspective, Bitcoin's realized price remains flat to slightly up over the previous 7-day period. We will closely monitor this metric to gauge the demand for bitcoins as a proxy for short-term price.Private equity firm Bain Capital launched a $560 million crypto fund via its venture arm, Bain Capital Ventures. The fund was initially established in the second half of 2021 and has since deployed over $100 million into crypto startups. The announcement was accompanied by comments by Stefan Cohen, managing partner at Bain Capital Crypto, "We've become quite high conviction we are at the beginning of a multi-decade technology shift...We really needed a dedicated team and a dedicated fund structure. That's really

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CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC -0.93% TESTING THE $65K LEVEL, ETH -3.64% TRADING AROUND $3500, AND SOL -5.34% 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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