Crypto Daily Report – April 18

Apr 18, 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 18, 2022The global crypto market has marched 3% lower over the past 24 hours as bitcoin (-2.1%) has sunk below $40k, and ether (-4.3%) sits just under $3k. The proximate cause for the market decline appears to be pronounced selling during Asian market hours, as bitcoin briefly touched $38.5k on several exchanges before recovering higher during the start of US trading. The crypto market continues to lean risk-off as Web3 and DeFi sectors trade approximately 5% lower since yesterday. Most leading smart contract platforms appear to be selling off in concert with ETH, as SOL, AVAX, and DOT are 4-6% lower on Monday morning. The lone exception appears to be LUNA which is up 3.5% over the same period.Terra's stablecoin UST, the algorithmic stablecoin that has at times monopolized the crypto industry's attention over the past couple of months, just passed Binance's BUSD stablecoin in total market cap. This milestone makes UST the third-largest stablecoin behind USDT ($82 billion) and USDC ($49 billion). As a reminder, U

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CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC -1.87% TESTING THE $65K LEVEL, ETH -0.76% TRADING AROUND $3500, AND SOL -2.42% 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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