Crypto Daily Report – May 24

May 24, 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 24, 2022Majors BTC and ETH are currently trading flat on the day at $29.3k and $1.9k, amidst soft openings on NDAQ and SPX (~1.5% down). SOL and AVAX are trading at their local tops last May, changing hands at $50 and $29, respectively. Fantom has retraced most of its gains from yesterday, hovering at $0.42 at writing. At this juncture, altcoins are largely tracking BTC, which has been trading between $29k and $31k range since cascading down from $38k (and wicking to $26k). While it is difficult to where bitcoin will head in the near term, the price action shows a lack of accumulation between $14k and $30k given bitcoin's volatile move up in late 2020.FTX, the second-largest crypto derivatives exchange, is rumored to have started acquisition negotiations with a few brokerage startups. This development comes after FTX announced their 7.6% stake in Robinhood in April, and FTX USA's LedgerX acuiqisition back in 2021. As traditional financial institutions are regulated, their foray into the digital asset space is happ

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CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC 0.89% TESTING THE $65K LEVEL, ETH 0.03% TRADING AROUND $3500, AND SOL 1.74% 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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