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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