Crypto Daily Report – May 19

May 19, 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 19, 2022The crypto market rallied this morning, with BTC gaining 5.91% and ETH gaining 6.08%. Bitcoin dominance, a metric measuring Bitcoin's percentage of the total crypto market cap, rose 1% today and is up ~10% since the UST collapse, signaling that investors are selling their more speculative altcoins for Bitcoin. Smart contract platforms AVAX and Solana are also performing well, rising 7.73% and 7.74%, respectively. Interestingly given the recent correlation to traditional markets, this rally is occurring when SPX is down .37% and the NASDAQ is up just .34%. FTX US, the rapidly growing crypto exchange founded by Sam Bankman-Fried, has announced that it is launching zero-commission stock trading. The move comes shortly after Sam Bankman-Fried acquired a 7.6% stake in the popular retail trading platform Robinhood. This is the first time a crypto exchange has ever ventured into the regulated securities space. According to a press release, FTX is offering brokerage services through FTX Capital Markets, which is

Unlock this page with a FREE 30-Day Trial!

*Free trial available only on a monthly plan

Reports you may have missed

CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC -0.07% TESTING THE $65K LEVEL, ETH -1.02% TRADING AROUND $3500, AND SOL -2.41% 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,...

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 1/1

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In