Crypto Daily Report – April 6

Apr 6, 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 6, 2022The total crypto market is down 5.24% in the past 24 hours. While outperforming the broader market, Bitcoin is down 3.66%. Ethereum (-5.89%) and other smart contract platforms like SOL (-9.91%), LUNA (-6.8%), and ADA (-7.38%) are down mid to high single digits on average. Despite the decline, funding rates on BTC perpetual futures contracts remain largely positive. BTC on-chain data suggests demand for coins is increasing. This week, BTC's realized cap has trended higher as price has fallen.This morning, Binance.US announced it has completed a $200M fundraising effort at a $4.5B pre-money valuation. Binance.US is the U.S. arm of the global crypto exchange Binance. The U.S. division expects to use the capital to further build out its products and services for the American market. Investors in the round include RRE Ventures, Foundation Capital, Original Capital, VanEck, Circle Ventures, Gaingels, and Gold House.In a major product update, NFT marketplace OpenSea has officially added support for Solana-based

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CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC 0.11% TESTING THE $65K LEVEL, ETH -0.84% TRADING AROUND $3500, AND SOL -2.25% 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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