Crypto Daily Report – July 15
Jul 15, 2022
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'; } @media screen and (max-width: 640px){ .font_mobile{font-size:24px!important;} } Most Important Daily Data and News for Digital Assets Crypto Daily ReportJuly 15, 2022 THIS MESSAGE IS SENT SOLELY TO MEMBERS OF FSINSIGHT Tickers on this report: AAVE, BTC, COMP, ETH, LDO, QQQ, SPX, UNI, USDC Market UpdateSean Farrell Head of Digital Asset StrategyThe global crypto market continues to rally today on the back of leading altcoins, some trading 10% higher or more. The total crypto market cap is up nearly 5% over the previous 24 hours, as $BTC (+3.4%) nears a return above the $21k threshold and $ETH (+10.5%) moves above $1.2k. Many blue chip DeFi tokens, which have largely underperformed over the past 18 months, are up big, with $AAVE, $COMP, and $UNI all trading at or near 10% higher on the daily chart. The clear outperformer on the day is $LDO, the native token for ETH liquid staking platform Lido. LDO is likely benefitting from the recently announced target merge date of September 19th, which was released this week. As seen below, there was an enormous spike in new ETH staked this week, likely for the same reaso