Crypto Daily Report – April 4

Apr 4, 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 4, 2022Cryptoasset prices held relatively steady over the weekend after rebounding dramatically on Friday morning. However, bitcoin and ether trade 1.7% and 2.0% lower, respectively, over the last 24 hours. To start the trading week, funding rates for bitcoin and ether are generally neutral to bullish. This morning, DOGE (-0.4%) has pulled back from its initial outperformance after the announcement that Dogecoin supporter Elon Musk purchased a material stake in Twitter. Since the release of our last weekly note, LFG purchases have yet to resume (please refer to the most recent note for further context). However, we would view the current steadiness in prices without these purchases as constructive for near-term price action. Twitter is surging on the news that Elon Musk has taken a 9.2% stake in the social media giant. He had recently expressed concerns over censorship and highlighted the critical risk of not having a decentralized algorithm leading to bias in user feeds. Musk, who has historically expressed mi

Unlock this page with a FREE 30-Day Trial!

*Free trial available only on a monthly plan

Reports you may have missed

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 -0.93% breaking below $67k, ETH -2.13% 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%...

MARKET UPDATE EQUITIES ARE GAINING TO START THE WEEK, WITH THE SPX RISING ABOVE $5,350 AND THE NDQ ABOVE $19,060, AS THE MARKET PREPARES FOR AN EVENTFUL MACROECONOMIC WEEK. May CPI data and a FOMC meeting are slated for Wednesday, followed by PPI on Thursday and consumer sentiment data on Friday. Rates spiked aggressively on Friday after higher-than-expected non-farm payrolls, but a soft CPI report could result in a dovish...

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 1/1

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In