Crypto Daily Report – July 1

body{ background-color:'#041529'} 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 ReportJuly 1, 2022 THIS MESSAGE IS SENT SOLELY TO MEMBERS OF FSINSIGHT Tickers on this report: AVAX, BTC, DOT, ETH, MATIC, NEAR, SOL, USDT, UST Market UpdateSean Farrell Head of Digital Asset StrategyFollowing the worst quarter for bitcoin in its short history, markets opened the month on relatively stable footing as both the S&P 500 (-0.1%) and Nasdaq (-0.1%) are trading slightly lower at the time of writing. Meanwhile, the global crypto market is trading 1.2% higher compared to 24 hours prior, with $BTC (+0.8%) fighting to reclaim the $20k level and $ETH (+2.4%) doing its best to remain above the critical psychological level of $1k. Returns are mixed across popular alts with the likes of $SOL (+0.4%), $MATIC (+1.3%), and $NEAR (+2.0) up slightly, while $AVAX (-2.6%) and $DOT (-1.6%) trend lower.As is seemingly a quarterly tradition in crypto, we have encountered yet another cycle of Tether FUD. We wrote about this last week, but several traditional hedge funds have placed short positions on the failure of $USDT (see image below for futures