Crypto Daily Report – April 1

Apr 1, 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 FSInsightApril 1, 2022Crypto prices have rebounded dramatically on Friday morning following a steep selloff the preceding evening at the start of Asian trading hours. The global crypto market cap is up 1.2% over the last 24 hours as bitcoin trades 1.0% higher, and ether is up nearly 3.7%. Leading smart contract platforms such as SOL (+7.3%), LUNA (+3.2%), and AVAX (+1.5%) are recovering similarly as the crypto market reflects a relatively risk-on appetite. This morning's price action comes absent any bidding pressure from LFG (discussed in yesterday's weekly note), which is an encouraging sign for cryptoasset prices.The EU Parliament hung European crypto users out to dry yesterday as they voted in favor of passing stringent AML laws. The legislation would require centralized crypto exchanges to report any transaction in which a customer sent/received crypto to/from a self-custody wallet, whether or not the user owns the self-custodied wallet. Further, exchanges (or any centrally hosted wallet) would be required to report users

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CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC 0.43% TESTING THE $65K LEVEL, ETH -0.23% TRADING AROUND $3500, AND SOL -1.64% 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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