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 CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC 0.79% TESTING THE $65K LEVEL, ETH -0.21% TRADING AROUND $3500, AND SOL 2.42% 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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