Crypto Daily Report – April 8

Apr 8, 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 8, 2022The global crypto market cap has been hovering at $2b mark for the past two weeks, with the past 24 hours seeing a 1.1% decrease. On a relatively flat day for NDAQ and SPX, the BTC market saw an intraday increase before seeing most of its gains eroding as the day progressed. ETH is at an interesting juncture trading at the $3.25k region, with prior local top in early February and support in early January suggesting it is at a key level. Most of other Layer 1 smart contract platforms (apart from NEAR) saw declines throughout the day, with Terra (LUNA) and Harmony (ONE) networks declining 5 and 6% respectively. Yesterday, Luna Foundation Guard announced the purchase of $100m in AVAX tokens, in addition to the BTC reserve launched a month ago. Redemption using UST for BTC and AVAX during periods of distress seems to be the goal of the reserve, and is currently being built out on Terra station. This move is strategic for both Avalanche and Terra ecosystems as UST will gain more adoption on Avalanche, whilst

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Crypto subscription is required in order to access this content.

*Free trial available only on a monthly plan

Reports you may have missed

MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -3.16% falling to $60k and ETH -5.30% approaching the low $2,300s. Aptos (APT 0.02% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE -5.63% is also showing slight gains following...

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -3.16% climbing back above $61,000 and SOL -5.58% moving above $145, while ETH -5.30% is lagging, trading around $2,400. Among today's outperformers is SUI -5.26% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...

Sign in to read the report!

We have detected you are an active member!

Ray: 88f86a-bc2148-6126f9-f188f7-b09cf2