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Crypto Daily Report – June 17

Jun 17, 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 17, 2022After selling off in concert with traditional markets yesterday, bitcoin (-2.3%) and ether (-3.8%) each fight to remain above the critical psychological levels of $20k and $1k, respectively. The total crypto market cap is down 2% over the last 24 hours. In traditional markets, risk assets appear to be finding some respite today, following a highly volatile week for most macro assets. However, the SPX (-0.6%) is starting to turn lower on the day while the Nasdaq (+0.2%) is trading relatively flat to yesterday's close. Funding rates for both bitcoin and ether remain in negative territory as more traders perhaps speculate on further downside volatility. Figure: Bitcoin Perpetual Futures Funding Rates We continue to uncover more information regarding the collateral damage from the pair of over-leveraged market participants in Celsius and Three Arrows Capital (3AC). It was revealed that several 3AC positions were liquidated across FTX, Derebit, and BitMEX after the once-renowned crypto investors/traders did n

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