Crypto Daily Report – March 18
Mar 18, 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 18, 2022The crypto market is down slightly this morning 0.36%, with a handful of smart contract platforms like ETH (+1.0%) and FTM (+0.2%) outperforming. The DeFi sector is also showing strength, with the DeFi Pulse Index up 2.3%. Bitcoin is down about 1% and remains just below the critical $40,700 level. Funding rates on BTC perpetual futures contracts remain choppy and continue to indicate significant uncertainty amongst traders. Bitcoin's stablecoin supply ratio (SSR) has jumped higher over the past three days. SSR compares Bitcoin's market cap with the amount of dry powder held in stablecoins. An increase in SSR generally indicates that stablecoins are being used to purchase BTC - a trend that accompanied BTC's price rallies in September 2020 and July 2021.Russia's largest bank, Sberbank, has received approval from Russia's central bank to issue digital assets via its own private blockchain. The platform is expected to go live in a month and will allow customers to invest idle cash in the bank's digital asse