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Crypto Daily Report – March 21

Mar 21, 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 21, 2022Despite equities being a mixed bag, the global crypto market remains relatively risk-on to start the trading week, as smart contract platforms and DeFi sectors are up over 2% over the prior 24 hours. Meanwhile, bitcoin (-1.02%) is trending lower, and ether (+1.91%) appears to be fighting resistance at $3k. This risk-on behavior is reflected in BTC dominance, down approximately 1% since last week. Goldman Sachs made history this morning as it became the first major US bank to complete an OTC crypto transaction. The banking giant traded a bitcoin-linked non-deliverable option through Galaxy Digital. This news demonstrates the maturation of crypto and its continued adoption by traditional market participants. It is likely that banks will continue to find ways to offer direct and customized exposure to digital assets. Bitcoin mining difficulty dropped slightly last week for the second consecutive downward adjustment for the network. While we have yet to see a conclusive reduction in network hash rate, the

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MARKET UPDATE U.S. EQUITIES ARE RELATIVELY FLAT ON THE FINAL DAY OF TRADING FOR AUGUST, WITH THE ^SPX 0.91%  OSCILLATING AROUND $5,600 AND THE NDQ TRADING NEAR $19,400. Rates and the dollar are gaining today despite PCE and Consumer Confidence data providing more assurance that inflation is receding. Crypto is underperforming, with BTC -0.21% falling to $58.5k and ETH -0.17% at $2,450, as ETF flows and spot volumes have been muted this week....

BTC -0.21% ETH -0.17% FET -2.88% RNDR -3.51% SAFE N/A% SOL -1.06% ^SPX TAO 0.72%
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CRYPTO MARKET UPDATE In stark contrast to the recent BLS job number revisions, the government revised its Q2 GDP estimate higher this morning to 3%, leading to a jump in rates and the DXY. However, this data also apparently boosted confidence in the soft landing trade, as rate-sensitive indices like IWM are outpacing ^SPX 0.91%  and QQQ 1.15% . Chip-adjacent stocks are also performing well, spurred by another earnings beat from NVDA 1.39% , benefiting...

BTC -0.21% CORZ ETH -0.17% HNT -1.92% IREN NVDA +1.39% QQQ +1.15% SOL -1.06% ^SPX STX -0.07% WULF
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MARKET UPDATE U.S. EQUITIES ARE DECLINING AHEAD OF NVIDIA EARNINGS LATER TODAY, WITH THE SPY 0.91%  DECREASING TO $558.53, WHILE THE NVIDIA-HEAVY QQQ 1.15%  HAS DROPPED TO $472.20. The crypto market has suffered from large amounts of liquidations over the last 24 hours, totaling over $355 million as yesterday evening, BTC -0.21% fell swiftly from $62k down to $58k while ETH -0.17% made a similar move, falling from $2.6k to $2.4k in less than...

BLUR 11.44% BNB -0.39% BTC -0.21% ETH -0.17% ETHBTC LOOKS 0.28% QQQ +1.15% SPY +0.91% TON 48.02%
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CRYPTO MARKET UPDATE Despite a $200 million inflow into BTC ETFs yesterday, crypto prices have declined over the past 24 hours. BTC -0.21% has fallen back below $62K, ETH -0.17% is under $2,600, and SOL -1.06% is just below $155. Only a few coins are in the green today, including TON 48.02% , rebounding from its recent selloff, MKR -0.81% , following its major rebrand announcement, and STX -0.07% , likely benefiting from the ongoing activation of the Nakamoto...

AAVE 1.38% BTC -0.21% BUIDL ETH -0.17% GHO 0.10% IWM +0.59% KRE +0.54% MKR -0.81% QQQ +1.15% SOL -1.06% ^SPX STX -0.07% TON 48.02% USDC 0.00%

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