Crypto Daily Report – April 25
Apr 25, 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 25, 2022The global crypto market is trading 2.5% lower over the past 24 hours as risk assets stumble to start the week. Bitcoin and ether trade 1.2% and 2.0% lower, respectively, while leading L1s, including SOL (-2.9%), DOT (-5.0%), and AVAX (-3.3%), have sold off as well. The clear outperformer appears to be Dogecoin, up 5.0% on rumors that Twitter will accept Elon Musk's takeover bid. The pronounced selling pressure on Sunday night into Monday seems to stem from losses in Asian markets, where Hong Kong's Hang Seng Tech index dropped over 4%, and Japan's Nikkei 225 slipped nearly 2% at one point. Cryptoassets have started to show some bounce during US trading hours, consistent with the geographic trends highlighted in our previous Weekly. Funding rates for BTC and ETH are predominantly negative at the time of writing, with BTC funding rates appearing to be on an upward trajectory.Blockchain forensics firm Chainalysis released its estimates of crypto capital gains for 2021 by country. Its findings were estimate