Crypto Daily Report – June 29

Jun 29, 2022
body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; } a { color:'#3E84CE'; } Most Important Daily Data and News for Digital Assets Crypto Daily ReportJune 29, 2022 THIS MESSAGE IS SENT SOLELY TO MEMBERS OF FSINSIGHT Market UpdateFSInsight Digital Asset Research TeamThe global crypto market capitalization is currently standing at ~$900B, a 5% decrease over the last day. BTC and ETH are changing hands at $20.0k (-1.3%) and $1.1k (-4.3%) respectively. Alternative Layer-1s BNB, SOL, and AVAX are trading at $217.4 (-4.1%), $33.69 (-4.7%), and $17.42 (-3.75%). US equities and digital asset markets have retraced gains since a week ago amidst fears of inflation. Yesterday, the Conference Board’s consumer-confidence index for June dropped to a 16-month low of 98.7, with consumers’ outlook on the economy being at the most cautious in nearly a decade. As today's GDP data from the Bureau of Economic Analysis showed an economic contraction of 1.6% for Q1, financial markets will turn to the estimate for Q2 GDP on July 28 for confirmation of a recession.Three Arrows Capital (3AC), the Singapore-licensed proprietary trading firm, about whom we have wrote extensively in our long-form publications, has been ordered to liquidate b

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CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC -0.29% TESTING THE $65K LEVEL, ETH -0.19% TRADING AROUND $3500, AND SOL 2.39% APPROACHING $140. The ETHBTC ratio is declining again after a weekend relief rally sparked by news from Bloomberg ETF expert Eric Balchunas on Friday evening, clarifying his timeline for the ETH ETF launch. Meanwhile, the DXY continues its upward trajectory from the post-CPI selloff,...

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