Crypto Daily Report – May 17

May 17, 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 FSInsightMay 17, 2022The global crypto market cap is currently sitting at $1.4T, representing a 3.1% increase over the last 24hrs. BTC and ETH are up c.2% at $30.2k and $2.1k, while other majors SOL and AVAX are also up c. 1.5% at $55 and $34, respectively. The DeFi subvertical is trading at $58b market cap (-19% 24h change), NFT tokens are trading at $24b market cap (+2.5% 24h change), while Metaverse tokens are trading at $15b market cap (+2.2% 24h change). While markets have been tumultuous due to the LUNA / UST saga last week, CoinShares reported c.$300m in BTC ETP products inflows during the same period. It is worth noting that despite $2.8b of liquidity from LFG, BTC held 29k levels relatively well.  In light of last week's events, the regulatory environment for digital assets has become stringent, in line with our expectations. The Dutch Authority for Financial Markets has expressed a desire to ban retail investors from trading crypto derivatives, making it only accessible in wholesale markets. The announcement sugges

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CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC -0.55% TESTING THE $65K LEVEL, ETH -3.31% TRADING AROUND $3500, AND SOL -5.19% 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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