Crypto Daily Report – June 28

Jun 28, 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 28, 2022After an initial rise this morning, crypto markets have retraced and are now mostly flat on the day. Majors Bitcoin and Ethereum are down .18% and .09%, while altcoins are a mixed bag. Solana is down 2.52%, while Avalanche and BNB are up 1.06% and 1.41%, respectively. Traditional markets are down at the time of writing - SPX dropped .95%, and NDQ dropped 1.78%. Interestingly, Bitcoin Dominance, a metric that measures Bitcoin's total percent of the entire crypto market cap, is down 11% since its high earlier this month. This decline is the most significant monthly decrease since October-November of 2021. A portion of this decrease is likely due to the forced selling of Bitcoin from overleveraged institutions such as Three Arrows Capital.SEC Chairman, Gary Gensler, clarified his position on cryptocurrency regulation in an interview on Monday. Regarding cryptocurrencies, Gensler stated to CNBC's Mad Money host, Jim Cramer, "The investing public is hoping for a return just like when they invest in other finan

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