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Crypto Daily Report – June 16

Jun 16, 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 16, 2022Crypto markets retraced nearly all of yesterday's short-lived gains, with bitcoin falling 7.76% and ethereum falling 12.17%. U.S. equity markets also fell as SPX and NDQ dropped 3.0% and 3.55%, respectively, immediately upon the market opening. This correction comes after the Federal Reserve raised interest rates 75 bps in yesterday's FOMC meeting, signaling hawkishness due to rising inflation. While altcoins rallied sharply from their lows yesterday (Solana went as high as 40% from the low), most of these rallies were given up today. Solana is down 12.87%, Avalanche is down 13.05%, and Near is down 14.54%. Fear in the market remains high as many market participants worry of possible contagion from rumors regarding the insolvency of CeFi lending platform, Celsius, and hedge fund, Three Arrows Capital.USDC issuer, Circle, has announced that they are introducing a euro-backed stablecoin at the end of the month. The Euro Coin (EUROC) will be fully backed by euro-denominated reserves held in the custody of in

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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 3.13% briefly moving above the $68k level, ETH 2.96% rebounding sharply to $3,250, and SOL 6.42% revisiting $184. Among larger-cap tokens, SOL beta names including RNDR and JUP have outperformed over the past 24...

BTC 3.13% CFX 20.18% ETH 2.96% GBTC +4.88% IBIT JUP -8.65% RNDR -3.51% SOL 6.42%
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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 3.13% down to below $64,000, ETH 2.96% down to $3,150, and SOL 6.42% to just below $170. This contrast in price action during U.S. and Asia market hours has been consistent throughout July....

AAVE 5.39% BTC 3.13% ETH 2.96% MARA +6.31% SOL 6.42% TRX 1.41%
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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 3.13% and many altcoins in the green. BTC 3.13% briefly rallied above $67k but has since drifted back down...

BTC 3.13% ETH 2.96% GBTC +4.88% IWM +1.75% QQQ +1.08% SOL 6.42% ^SPX
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CRYPTO MARKET UPDATE DESPITE BEING THE LAUNCH DAY FOR ETH 2.96% 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 3.13% to Bitstamp, leaving about 90k BTC 3.13% remaining in the trustee wallets. This move lower was likely also influenced by a rise in the DXY. Currently, BTC 3.13% is trading around $66.5k,...

AVAX 5.46% BTC 3.13% ETH 2.96% ETHBTC ETHE N/A% GBTC +4.88% GOOGL -0.17% SOL 6.42% TSLA -0.12% V +2.1%

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