Crypto Daily Report – June 27

Jun 27, 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 27, 2022A small weekend rally is being sold off during US market hours, as the global crypto market is now trading 2.3% lower over the prior 24 hours as bitcoin and ether trade 2.3% and 2.7% lower, respectively. Other popular layer 1 names including AVAX (-3.9%), SOL (-4.2%), and DOT (-2.3%) are all trading incrementally lower as well. This week, the market has its sights set on a pair of key macro headlines, including Fed Chair Jay Powell's planned talk at the ECB Forum on Wednesday and the US PCE inflation print on Thursday. Crypto investors will also be tuned in for any SEC commentary on Bitwise's spot bitcoin ETF application, for which the deadline for approval is Friday. We do not anticipate approval, but we may receive interesting commentary on the matter. The decision on Grayscale's application to convert its bitcoin trust (GBTC) to an ETF is due next Wednesday.On Friday, it was announced that Goldman Sachs is looking to broker a sale of Celsius' distressed assets. According to people familiar with the mat

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CRYPTO MARKET UPDATE Despite rates moving lower today, the DXY is surging higher due to weak economic data from Europe. This is a major driver behind the move lower in crypto, with BTC 0.27% breaking below $67k, ETH 0.48% finding support around $3500, and SOL 0.46% hovering near $152 after bouncing off $150 this morning. Investors are treading carefully ahead of tomorrow's CPI and FOMC announcements, where headline inflation is expected at 3.4%...

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