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Crypto Daily Report – May 27

May 27, 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 27, 2022The crypto market currently stands at $1.21T, down 4.7% over the past week. The best performing sector this week was currencies (down only -0.9%), while the worst-performing has been layer 1s (-9.4%), followed by web3 (-7.1%), and DeFi (-6.2%). Over the past 24 hours, BTC is down 0.28%, currently hovering around $29,000. ETH is down 3.14% to $1,786, while equities opened the day up with the S&P 1.5% in the green. Much has been made of crypto's correlation to equities as of late. However, the correlation has declined substantially over the past two weeks, as shown in the chart below using the 14-day moving average.Due to slower validation slot times, Solana's blockchain clock has drifted thirty minutes behind real-world time. Slot times have increased from their target speed of 400 milliseconds to nearly 800 milliseconds. Solana uses a combination of proof-of-stake (PoS) and proof-of-history (PoH) consensus to ensure a standardized time across validators, but issues with the PoH algorithm appear to be the c

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CRYPTO MARKET UPDATE AFTER ANOTHER DAY OF SIZEABLE OUTFLOWS FROM ETHE 4.58% , THE GRAYSCALE-ISSUED ETF NOW RETAINS JUST 85% OF THE AUM IT BEGAN WITH ON TUESDAY. However, crypto has rallied strongly since the US market closed yesterday, with BTC 1.74% briefly moving above the $68k level, ETH 1.43% rebounding sharply to $3,250, and SOL 4.38% revisiting $184. Among larger-cap tokens, SOL beta names including RNDR and JUP have outperformed over the past 24...

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CRYPTO MARKET UPDATE CRYPTO WAS CERTAINLY LOOKING STRONG RELATIVE TO EQUITIES YESTERDAY UNTIL ASIAN MARKET HOURS COMMENCED. Shortly after the HK market opened, we saw increased sell pressure and approximately $100 million in liquidations across all crypto assets, bringing BTC 1.74% down to below $64,000, ETH 1.43% down to $3,150, and SOL 4.38% to just below $170. This contrast in price action during U.S. and Asia market hours has been consistent throughout July....

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CRYPTO MARKET UPDATE RATES ARE BROADLY LOWER, WITH A NOTABLY STRONGER RALLY AT THE FRONT END OF THE CURVE AS THE MARKET APPEARS TO BE TAKING POTENTIAL RATE CUTS OVER THE NEXT COUPLE OF FOMC MEETINGS MORE SERIOUSLY. Despite significant weakness in equities today, the crypto market is looking relatively healthy, with BTC 1.74% and many altcoins in the green. BTC 1.74% briefly rallied above $67k but has since drifted back down...

BTC 1.74% ETH 1.43% GBTC +4.88% IWM +1.75% QQQ +1.08% SOL 4.38% ^SPX
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AVAX 3.81% BTC 1.74% ETH 1.43% ETHBTC ETHE N/A% GBTC +4.88% GOOGL -0.17% SOL 4.38% TSLA -0.12% V +2.1%

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