Crypto Daily Report – March 10

Mar 10, 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 10, 2022This morning, the crypto market reacted negatively to the new CPI numbers and the ECB's decision to reduce asset purchasing faster than they had initially planned. After finishing yesterday up 6.7%, the total crypto market cap is down 5.2% over the past 24 hours. Bitcoin is leading the pullback, dropping 7.4% to $39.0k, and Ethereum is down 5.9% to $2580. Since the start of this year, Bitcoin has been showing signs of maturing, trading with less volatility than the rest of the market. This is what caused Bitcoin's market dominance to surge from 40.1% to 43.5% over the past 3 months. However, that trend has been flipped over the past 2 weeks, where Bitcoin has become more volatile than the rest of the market.Adobe is working with Polygon to increase usability and cost-efficiency for the NFT function of Adobe's Behance social platform. Adobe acquired Behance back in 2012 but has recently been trying to transform the platform into the Web3 world. Part of that transformation has been new tools for artists an

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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 -1.22% breaking below $67k, ETH -1.11% finding support around $3500, and SOL -2.77% 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 -0.25%  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...

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