Crypto Daily Report – March 16

Mar 16, 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 16, 2022The total crypto market cap is trading at $1.8b, representing a 2.9% increase over the last 24 hours. BTC and ETH are up 2.3% and 2.7%, respectively, while performance outside the majors looks indecisive. LUNA looks to be cooling off from its fundraising announcement (-1.8%), while ATOM is up (5.1%) due to potential airdrops on the Cosmos ecosystem. All look to macro conditions for direction, though, as interest rates are increasing for the first time since 2018 as officials look to cool off a 7.9% CPI print for February.Ethereum ecosystem builder ConsenSys has closed a $450 million funding round, valuing the NYC-based company at $7 billion. The Series D round was led by ParaFi Capital, more than doubling Consensys' previous valuation at $200 million from November 2021. ParaFi is joined by existing backers, as well as new ones such as Temasek, Softbank, and Microsoft. Raised in fiat and digital assets, the new funding will convert to ETH to solidify Consensys' position in advance of the PoS merge. It wil

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CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC -1.87% TESTING THE $65K LEVEL, ETH -0.76% TRADING AROUND $3500, AND SOL -2.42% 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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