Crypto Daily Report – March 28

Mar 28, 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 28, 2022The total crypto market is up 5.68% over the past 24 hours, currently standing at $2.13T. Bitcoin (+6.19%) has broken above its previous trading range and is now sitting at a multi-month high last seen in early January. While BTC's realized cap has been trending down YTD, it made a significant move higher this weekend to over $46,000. Realized cap increases when coins are purchased at higher prices, making it a proxy for demand. Ethereum (+6.63%) and alt smart contract platforms are up as well, like ADA (+10%), SOL (+11%), and FTM (8.13%), indicating a broader-based risk-on rally for crypto.This week, the European Parliament is expected to vote on an amendment to AML legislation regarding the use of "unhosted wallets." Unhosted wallets refer to non-custodial wallets like those provided by MetaMask. The amendment will, in part, force exchanges to provide information on payers and recipients of transactions where unhosted wallets are used. These unhosted wallets are not exchange clients, and exchanges do n

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CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC -0.03% TESTING THE $65K LEVEL, ETH -0.93% TRADING AROUND $3500, AND SOL -1.54% 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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