Crypto Daily Report – July 28

Jul 28, 2022
body{ background-color:'#041529';} body,table,td,p{ font-size:22px; } body div center ul, body div center li { margin-left: 10px !important; margin-right: 0 !important; } a { color:'#3E84CE'; } .font_small, .font_small td, .font_small p{font-size:16px;} .font_big, .font_big td, .font_big p{font-size:26px;} @media screen and (max-width: 640px){ body,table,td,p{ font-size:28px; } .font_mobile, .font_mobile li, .font_mobile div, .font_mobile p {font-size:30px;} .font_small, .font_small td, .font_small p{font-size:24px;} .font_big, .font_big td, .font_big p{font-size:28px;} } Most Important Daily Data and News for Digital Assets Crypto Daily ReportJuly 28, 2022 THIS MESSAGE IS SENT SOLELY TO MEMBERS OF FSINSIGHT Tickers on this report: AVAX, BNB, BTC, ETC, ETH, LDO, SNX, SOL Market UpdateWalter Teng Digital Asset Strategy AssociateMarkets have continued their rally from yesterday's FOMC meeting that resulted in a predicted 75bps hike for the Fed Funds Rate. $BTC and $ETH are up 9.2% and 13.5% over the last day, trading at $23.5k and $1.69k, respectively. Higher-beta alternate Layer 1s $BNB, $SOL, and $AVAX are changing hands at $272 (+5.7%), $41.4 (+11.4%) and $23.8 (+11.8%). The most notable performers from the top 100 include DeFi fixtures $LDO ($2.32 | +46.8%) and $SNX ($4.20 |

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The crypto market declined overnight, with BTC -1.98% dropping from $63k to $61k, SOL -5.91% from $150 to $145, and ETH -2.93% dipping below the $3k mark once again. The likely cause of the drawdown was upward pressure on the DXY 0.00% and a lack of follow-through in flows. Among the few outperformers of the day were RUNE 7.79% , the native token of the cross-chain swapping protocol Thorchain, and Ethereum Classic (ETC -0.68% ), possibly driven by...

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