Crypto Daily Report – April 26

Apr 26, 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 26, 2022After showing strength, digital assets have given up most if not all of their overnight gains tracking the broader sell-off in equities. BTC remains in the green (+0.83%), along with ETH (+1.11%) and LUNA (+1.46%). DOGE was initially up 30% following confirmation that Twitter's board has accepted Elon Musk's bid for the company. However, it has since retraced and now remains up 8.43%. While funding rates on BTC perpetual futures contracts remain muted, price remains just below the critical $40,700 level.This morning Fidelity announced that it would soon allow clients to purchase bitcoin via their 401(k) accounts. It's expected that the asset manager will implement the feature by the summer of this year and allow up to a 20% allocation to bitcoin. Specifics around management fees will depend on individual employers but are expected to be less than 1% per annum. The announcement highlighted that Michael Saylor's, Microstrategy, is already signed up for the new service. Dave Gray, head of workplace retireme

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CRYPTO MARKET UPDATE Despite rates moving lower today, the DXY is surging higher due to weak economic data from Europe. This is a major driver behind the move lower in crypto, with BTC -1.49% breaking below $67k, ETH -1.28% finding support around $3500, and SOL -3.93% hovering near $152 after bouncing off $150 this morning. Investors are treading carefully ahead of tomorrow's CPI and FOMC announcements, where headline inflation is expected at 3.4%...

MARKET UPDATE EQUITIES ARE GAINING TO START THE WEEK, WITH THE ^SPX -0.21%  RISING ABOVE $5,350 AND THE NDQ ABOVE $19,060, AS THE MARKET PREPARES FOR AN EVENTFUL MACROECONOMIC WEEK. May CPI data and a FOMC meeting are slated for Wednesday, followed by PPI on Thursday and consumer sentiment data on Friday. Rates spiked aggressively on Friday after higher-than-expected non-farm payrolls, but a soft CPI report could result in a dovish...

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