Crypto Daily Report – March 29

Mar 29, 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 29, 2022Total crypto market capitalization is creeping over the $2T mark, trading at $2.15T at the time of writing. Terra (LUNA), Near (NEAR) look to be the biggest gainers today, trading at $107 (up 9.5%) and $13.8 (up 18%), respectively. THORChain (RUNE) is currently trading at $12.35, up 100% in the past fortnight (and 22% over the past day) due to bridging narrative tailwinds from Stargate's launch. Markets have been performing relatively well off a stretch of conferences starting with Avalanche Barcelona, for which Head of Digital Assets Sean Farrell will be providing an update in our Crypto Weekly. Earlier this week, President Biden's 2023 budget proposal looks to allocate $52m to fight ransomware and combat the misuse of cryptocurrencies. This budget addition originates from a projected $11 billion in cumulative revenues by 2032 from the digital asset space. The proposal includes amending mark-to-market rules on tax reporting for traders with shorter-term holdings. Additionally, the Department of Treasur

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CRYPTO MARKET UPDATE Despite rates moving lower today, the DXY is surging higher due to weak economic data from Europe. This is a major driver behind the move lower in crypto, with BTC -0.78% breaking below $67k, ETH 0.32% finding support around $3500, and SOL -1.89% hovering near $152 after bouncing off $150 this morning. Investors are treading carefully ahead of tomorrow's CPI and FOMC announcements, where headline inflation is expected at 3.4%...

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