Crypto Daily Report – May 26

May 26, 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 26, 2022The crypto market briefly took a major hit this morning, momentarily dipping below $1.2T. Bitcoin is significantly beating the market, only down 1.2% to $29.4k, breaking a previously strong support line around $28.6k. Altcoins were hit a lot harder, with Ethereum, down 5.5% to $1860, matching the low from two weeks ago and July 2021.The digital assets space has become a global regulatory scramble - some governments like El Salvador's are showing sweeping support for them, while some are highly antithetical, and many are operating in an ambiguous gray area. Yesterday, things became more complicated in Europe. The Portuguese parliament blocked two bills that would have created a taxing system for investments in crypto, though the country's finance minister is insistent on stopping Portugal from being a digital assets tax haven. At the same time, Christine Lagarde, the president of the European Central Bank, ruffled some feathers when she stated that she was personally against investing in crypto. This statem

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CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC -0.21% TESTING THE $65K LEVEL, ETH -0.11% TRADING AROUND $3500, AND SOL 2.56% 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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