Crypto Daily Report – May 23

May 23, 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 23, 2022Cryptoassets are seeing some bounce this afternoon after coming off of the crypto market's eighth straight negative week. The global crypto market cap is trading 3.5% higher at the time of writing, as bitcoin (+1.1%) and ether (+2.4%) lead the way. Other layer 1's, such as SOL (+4.2%) and AVAX (+3.7%), are behaving as expected from high bitcoin-beta altcoins. Fantom (FTM) is the standout performer, up 18% compared to yesterday, following rumors of star developer Andre Cronje's return to the project. Moves in crypto remain highly correlated with public equities as the DJIA is up nearly 600 points, and the Nasdaq has gained over 1% on the back of apparent seller exhaustion. Some key events to earmark this week include a slew of earnings reports from retailers, which are likely to offer color on inflation, and the FOMC meeting minutes, to be released on Wednesday. The Federal Reserve released an annual study exploring the economic health of the US consumer. This year's study, which is the result of an 11,000

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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -2.06% falling to $60k and ETH -3.59% approaching the low $2,300s. Aptos (APT -7.09% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE -2.14% is also showing slight gains following...

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -2.06% climbing back above $61,000 and SOL -4.48% moving above $145, while ETH -3.59% is lagging, trading around $2,400. Among today's outperformers is SUI -1.64% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...

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