Crypto Daily Report – April 29

Apr 29, 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 29, 2022Crypto erased yesterday's gains, with BTC down 2.72% and Ethereum down 3.55%. While BTC and Ethereum have moved sideways the past few months, most altcoins have struggled to hold up and are down significantly from their highs. For example, Chainlink (LINK) has reached its lowest relative valuation relative to BTC since 2019. This comparative weakness will likely continue until the market shows more strength and investor risk appetite returns. The publicly listed bitcoin miner Riot Blockchain has announced that they have started development on a 1 gigawatt (GW) bitcoin mining facility in Navarro County, Texas. The facility is being built on a 265-acre site and will have 400 megawatts (MW) of capacity. Riot Blockchain is expected to spend $333 million on the first phase of development which includes "land acquisition, site preparation, substation development, and transmission construction." Bitcoin mining in Texas has seen rapid growth over the past few years, with Cleanspark, Blockcap, and others relocati

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CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC -0.47% TESTING THE $65K LEVEL, ETH -0.66% TRADING AROUND $3500, AND SOL 1.86% 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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