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Crypto Daily Report – March 10

Mar 10, 2022

Reports you may have missed

FSInsight Puts Ethereum At $12,000 EOY, Bullish Forecast For Bitcoin

CRYPTO MARKET UPDATE The crypto market is moving higher today, lifted by stronger-than-expected jobs numbers. The BLS reported 254k jobs added last month, far exceeding the market estimate of 140k, while August's figures were revised up from 142k to 159k. The unemployment rate also dropped to 4.1% from 4.2%. In response, rates rallied, the DXY spiked, and the futures market largely priced out the possibility of a 50 bps rate...

BTC 0.73% ETH 0.05% RENDER -1.35% SOL 0.03% STX 0.47% TAO 2.96% TIA 2.28% WIF 0.98% XMR 1.56% WULF -10.74%
Bitcoin will hit $200,000 in the second half of 2022, predicts FSInsight

MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC 0.73% falling to $60k and ETH 0.05% approaching the low $2,300s. Aptos (APT -2.27% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE -1.04% is also showing slight gains following...

AAVE -1.04% APT -2.27% BTC 0.73% ETH 0.05% TOTAL XRP 1.90%
Invesco ditches its plan to launch a US bitcoin futures ETF any time soon, just before the first-ever makes its debut

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 0.73% climbing back above $61,000 and SOL 0.03% moving above $145, while ETH 0.05% is lagging, trading around $2,400. Among today's outperformers is SUI -2.89% , 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...

BTC 0.73% ETH 0.05% SOL 0.03% SUI N/A% XRP 1.90% QQQ -5.49% SPY -5.07%
Jievani Weerasinghe NHRM1u4GD A Unsplash

MARKET UPDATE Markets are selling off in the first day of Q4, fueled by geopolitical fears as tensions rise in the mid-east. The SPY -5.07%  and QQQ -5.49%  have dropped 1.14% and 1.92%, respectively, while the VIX has surged over 17%. XAU and DXY are gaining as investors move towards safe-havens. Crypto assets have also sold off, with BTC 0.73% briefly dropping below $62k and ETH 0.05% below $2.5k. Among altcoins, SUI -2.89% is showing...

AAVE -1.04% APT -2.27% BLAST 0.00% BTC 0.73% EIGEN 0.67% ETH 0.05% LDO 2.68% POL N/A% SUI N/A% TON -45.42% QQQ -5.49% SPY -5.07% XAU

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