Crypto Daily Report – March 30

Mar 30, 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 30, 2022Crypto markets are starting the day slightly down. The overall crypto market cap is down 0.8% to $2.15T, with Bitcoin dropping a little over 1% to $47.1k and Ethereum down 1.4% at $3390. The crypto market is showing signs of slowing down after a seventeen-day bull run that took the overall crypto market cap up 27%, with only three days in the red. Momentum, measured with MACD, for Bitcoin, Ethereum, and the rest of the market has stalled as the two-week RSI has been well above 70 for the past few days. However, this isn't necessarily an indication of a peak. Since 2020, the total crypto market cap has held a two-week RSI near or above 70 for an average of 16.3 days after first breaking the "overbought" mark.$622 million in wETH and USDC was stolen from Axie Infinity users' wallets in the largest crypto hack ever. The attack exploited an allow list given to Sky Mavis, the game developer that created Axie Infinity, by Axie DAO, which allowed Sky Mavis to validate transactions on behalf of the DAO. This all

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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 -0.69% breaking below $67k, ETH 0.40% finding support around $3500, and SOL -1.71% 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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