Crypto Daily Report – April 13

Apr 13, 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 13, 2022Cryptocurrency majors BTC and ETH have rebounded by 2.4% and 2.0% to $41k and $3,080, respectively, when broader equities have been flat on the day. AVAX gained 4.2% on the day, the most between SOL-LUNA-AVAX prominent Layer-1s. As part of Coinbase's mass listings on Monday, COMP is up 14.5% after gaining 9.6% yesterday. The rest of the market appears to be flat, while 2017-launched BCH is up 11%. In the face of macro headwinds, we remain cautiously optimistic but anticipate some volatility in the digital asset space as the market looks to May's rate hike before making a decisive move.Yesterday, USDC stablecoin issuer Circle announced a $400m funding round and partnership with Blackrock. Other investors include Fidelity Management and Research, London-based hedge fund Marshall Wave and Fin Capital. In addition to providing growth funding to Circle, Blackrock has indicated a willingness to expand USDC in capital market applications. The deal between the second-largest stablecoin issuer and the largest glo

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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -2.56% falling to $60k and ETH -6.21% approaching the low $2,300s. Aptos (APT -1.65% ) 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 -6.33% is also showing slight gains following...

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -2.56% climbing back above $61,000 and SOL -7.04% moving above $145, while ETH -6.21% is lagging, trading around $2,400. Among today's outperformers is SUI -11.68% , 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...

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