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Crypto Daily Report – August 10

Aug 10, 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 ReportAugust 10, 2022 THIS MESSAGE IS SENT SOLELY TO MEMBERS OF FSINSIGHT Tickers on this report: BTC, DPX, ETH, GMX, MAGIC Market UpdateFSInsight Digital Asset Research TeamMarkets are rallying across the board following a better-than-expected CPI report this morning. Headline inflation came in softer than expected at 8.5% actual versus 8.7% expected. Investors are now betting on peak inflation being in the rearview mirror and hoping for less aggressive rate hikes. Markets quickly priced in the hopeful thinking, with the S&P 500 and Nasdaq up 1.96% and 2.56%, respectively. Crypto markets are sharing strong gains with $BTC and $ETH up 3.60% ($2

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BTC -0.03% CORE 0.00% ETH 0.59% ETHBTC QQQ -0.07% SOL 0.59% SOLBTC SPX ZBC 0.41%
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BTC -0.03% ETH 0.59% FET -2.52% OCEAN -2.34% QQQ -0.07% SOL 0.59% SPY +0.14% TAO 0.34%
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CRYPTO MARKET COMMENTARYAPRIL PPI CAME IN MIXED THIS MORNING, WITH A LARGE UPSIDE SURPRISE IN MOM READINGS (0.5% VS. 0.3% EXP.) AND YOY METRICS LARGELY IN LINE WITH EXPECTATIONS. The upside in the MoM reading was offset by March figures being revised downwards. Yields initially spiked upon the data release but have turned negative across the curve. Equities are showing mild gains as attention shifts towards tomorrow’s CPI data release. The SPY 0.14%  has gained 0.17% and the QQQ -0.07%  has gained 0.31%. Crypto assets are...

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