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Crypto Daily Report – June 15

Jun 15, 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 FSInsightJune 15, 2022Crypto markets have continued their move downward over the past 24 hours, with BTC down 4%, ETH down 6.7%, and the market in total down 3.2% to $907 billion in market cap. Early this morning, ETH nearly broke its $1,000 price level but has since rebounded about 10% to $1,100. Following the Luna and Celsius debacles, contagion has hit prominent crypto hedge funds like Three Arrows Capital which appears to be insolvent. On the macro side, the Fed is expected to announce its next round of interest rate hikes today. Investors will be paying close attention to whether they have decided on increasing rates by 50bps, 75bps, or more in the face of higher than expected inflation.Stablecoin issuer Tether has denied claims that the assets backing USDT - predominantly commercial paper - are 85% from Chinese or Asian companies. This would, of course, be problematic given the precarious economic situation China is currently navigating. Tether released a statement saying the rumors are "completely false and likely sprea

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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 2.56% briefly moving above the $68k level, ETH 2.48% rebounding sharply to $3,250, and SOL 5.82% revisiting $184. Among larger-cap tokens, SOL beta names including RNDR and JUP have outperformed over the past 24...

BTC 2.56% CFX 19.01% ETH 2.48% GBTC +4.88% IBIT JUP -8.65% RNDR -3.51% SOL 5.82%
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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 2.56% down to below $64,000, ETH 2.48% down to $3,150, and SOL 5.82% 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 2.56% and many altcoins in the green. BTC 2.56% briefly rallied above $67k but has since drifted back down...

BTC 2.56% ETH 2.48% GBTC +4.88% IWM +1.75% QQQ +1.08% SOL 5.82% ^SPX
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CRYPTO MARKET UPDATE DESPITE BEING THE LAUNCH DAY FOR ETH 2.48% ETFS, CRYPTO BROADLY MOVED LOWER IN THE EARLY MORNING HOURS TODAY, POSSIBLY DUE TO MOVEMENT OUT OF THE MT. GOX TRUSTEE WALLETS. Mt. Gox sent approximately $130 million in BTC 2.56% to Bitstamp, leaving about 90k BTC 2.56% remaining in the trustee wallets. This move lower was likely also influenced by a rise in the DXY. Currently, BTC 2.56% is trading around $66.5k,...

AVAX 5.19% BTC 2.56% ETH 2.48% ETHBTC ETHE N/A% GBTC +4.88% GOOGL -0.17% SOL 5.82% TSLA -0.12% V +2.1%

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