Crypto Daily Report – April 27
Apr 27, 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 27, 2022BTC and ETH are trading at $39k (up 2.7%) and $2.9k (up 2.4%) at time of writing, moving in line with NDAQ and SPX, which are up 0.6% and 1.3% on the day, respectively. Alternative Layer 1s with higher beta are exhibiting muted volatility relative to usual moves of this magnitude, except for ATOM, which is up 6.4% on the day, changing hands at $21.60. Some DeFi projects are seeing outsized gains on the day, with $AAVE and $CVX up 9.6% and 12.2%, respectively. As the markets ventures further into bearish macro environments, we will be paying close attention to strong DeFi protocols with recurring cash flows to find value opportunities within the space.With almost a quarter of the Crypto Daily's news articles providing regulatory updates, it is no surprise that regulators worldwide are working hard to safeguard the space. Today, the most wide-reaching development is the Central African Republic (CAR) making Bitcoin legal tender. The Central African country follows the footsteps of El Salvador, which distri