Crypto Daily Report – March 24

Mar 24, 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 24, 2022Crypto markets had a good day of trading yesterday but have started to settle down this morning. The overall market is up 2.1% over the past 24 hours, nearing the $2T mark for the first time since the brief bull run in early February this year. Bitcoin is up 1.8% to $42.9k. Ethereum is up 2.5%, trading around $3k after meeting strong resistance on an early-morning push near $3.1k. The stablecoin supply ratio - Bitcoin market cap divided by the total stablecoin market cap - has steadily climbed 14% from 7.37 to 8.42 over the past couple of weeks, a bullish sign that investors are becoming more interested in actively investing in the digital assets space instead of parking their funds as stablecoins in liquidity pools to earn interest.The Bank for International Settlements (BIS) just finished testing an exchange platform that would allow institutions to make international trades and payments through Central Bank Digital Currencies (CBDCs). The test, called Project Dunbar, was a collaboration between Austra

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CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC -0.31% TESTING THE $65K LEVEL, ETH -0.19% TRADING AROUND $3500, AND SOL 2.18% 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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