Crypto Daily Report – June 24

Jun 24, 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 24, 2022The global crypto market is attempting to end the week on a positive note, as the total market cap is trading 3.7% higher over the last 24 hours. Bitcoin is trading 2.2% higher while ETH (+5.0%) is leading the way following sizeable short liquidations in the early morning hours. Meanwhile, other smart contract platforms such as SOL (+6.4%), AVAX (+10%), and DOT (+4.5%) are performing as one would expect from high bitcoin beta names. The action in crypto markets is mirroring the risk-on rally today in equities as both the S&P 500 and Nasdaq are up over 2% a the time of writing. Polygon (MATIC) is the clear standout performer this week, trading 44% higher over the previous seven days following a series of announcements, including a Coinbase integration, privacy ID tooling for DAOs, and commentary on a carbon neutrality initiative that many ESG supporters found encouraging. Yesterday, Solana Labs announced they are developing a mobile phone called "Saga." The hardware device will feature built-in crypto wal

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We are witnessing a continuation of the recent weakness in crypto markets today, with BTC -3.96% now testing $60k, ETH -2.12% just below $3k, and SOL 3.85% dipping under $130. The broader altcoin market is experiencing even more pronounced declines, with very few names posting a green candle today. The market was pushed lower in the overnight hours following a disappointing debut from the Hong Kong ETFs (more on that below). However, this...

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