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Crypto Daily Report – June 21

Jun 21, 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 21, 2022After a bloody weekend of Bitcoin and Ethereum reaching prices not seen since late 2020, crypto markets rallied, erasing all the weekend losses. Bitcoin and Ethereum are up 4.60% and 3.87%, and higher beta altcoins such as Solana, Avalanche, and Near are up 8.65%, 7.25%, and 6.25%, respectively. This move comes as traditional markets rally as well, with SPX and NDQ up 2.13% and 2.56%, respectively. Solana has stood out the past few days, up nearly 50% from its weekend low. This move comes as Solana plans to roll out a network upgrade that will hopefully resolve the network's congestion issues. Another tailwind for Solana has been the strength of some of its primary backers - FTX and Alameda Research, founded by Sam Bankman-Fried. Despite market volatility and many funds going insolvent, FTX and Alameda remain well-capitalized and have been buying out and lending money to struggling companies in the industry. Earlier today, crypto lending platform, BlockFi, announced that it had secured a $250 million

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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 2.68% briefly moving above the $68k level, ETH 2.63% rebounding sharply to $3,250, and SOL 5.47% revisiting $184. Among larger-cap tokens, SOL beta names including RNDR and JUP have outperformed over the past 24...

BTC 2.68% CFX 19.08% ETH 2.63% GBTC +4.88% IBIT JUP -8.65% RNDR -3.51% SOL 5.47%
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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 2.68% down to below $64,000, ETH 2.63% down to $3,150, and SOL 5.47% to just below $170. This contrast in price action during U.S. and Asia market hours has been consistent throughout July....

AAVE 4.22% BTC 2.68% ETH 2.63% MARA +6.31% SOL 5.47% TRX 1.15%
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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 2.68% and many altcoins in the green. BTC 2.68% briefly rallied above $67k but has since drifted back down...

BTC 2.68% ETH 2.63% GBTC +4.88% IWM +1.75% QQQ +1.08% SOL 5.47% ^SPX
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CRYPTO MARKET UPDATE DESPITE BEING THE LAUNCH DAY FOR ETH 2.63% 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 2.68% to Bitstamp, leaving about 90k BTC 2.68% remaining in the trustee wallets. This move lower was likely also influenced by a rise in the DXY. Currently, BTC 2.68% is trading around $66.5k,...

AVAX 4.88% BTC 2.68% ETH 2.63% ETHBTC ETHE N/A% GBTC +4.88% GOOGL -0.17% SOL 5.47% TSLA -0.12% V +2.1%

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