Crypto Daily Report – May 31

May 31, 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 31, 2022BTC and ETH are currently trading at $32.2k and $2.0k, up 5% and 3% over the last 24 hours. Since Friday, BTC has posted a 12% gain from its low of 28.5k, in line with our call for volatility in last week's Crypto Weekly. SOL is trading at $46 (-2.9% 24H), while BNB and AVAX are changing hands at $322 (0.2% 24H) and $26 (-4.4% 24H). On Saturday, Terra launched their new LUNA coin, finding a bottom at $4.39 before trading at $9.27 now. While it is plausible that BTC can continue its reversal after posting its first green weekly candle in 10 weeks, the persistent macro headwinds make us cautious in the immediate term.Several centralized exchanges (OKX, LBank, MEXC, and AAX) have indicated that they will list Optimism's governance token $OP for trading today. Layer-2 platforms have garnered significant attention as the solution to Ethereum's congestion issues, allowing for cheaper and faster transactions while inheriting the security and decentralization properties of their main chain. In an attempt to increa

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CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC 1.04% TESTING THE $65K LEVEL, ETH 0.31% TRADING AROUND $3500, AND SOL 2.62% 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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