Crypto Daily Report – October 5

Oct 5, 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 ReportOctober 5, 2022 THIS MESSAGE IS SENT SOLELY TO MEMBERS OF FS INSIGHT Tickers on this report: BTC, ETH, MATIC, XLM Market UpdateFS Insight Digital Asset Research TeamAfter rallying the past couple of days, crypto and traditional markets have begun to consolidate. $BTC and $ETH are down 1.70%, and 2.40%, respectively, and SPX and NDQ are down 1.26% and 1.66%. DXY, which corrected by ~4% over the past week, has started to turn higher again and is up 1.09% today. Despite general weakness in the market today, Polygon ($MATIC) is showing strength and is up 1.46%. This comes after Polygon's recent partnership with Robinhood. Robinhood is launch

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U.S. equity indices are showing modest gains today following weekly jobless claims coming in higher than expected, showing 231k versus 212k estimated, putting downward pressure on the DXY 0.00% (-0.21%) and rates. The $SPY has gained 0.36%, approaching the $520 mark, while the $QQQ has risen 0.14% to the $440. Crypto assets are showing larger gains, with BTC -3.58% (+1.57%) rising above $62k and ETH -4.17% (+1.05%) surpassing $3,000. The Render Network’s mobile app, OctaneX, was featured in Apple’s keynote presentation earlier...

The crypto market declined overnight, with BTC -3.58% dropping from $63k to $61k, SOL -6.18% from $150 to $145, and ETH -4.17% 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 -8.74% , the native token of the cross-chain swapping protocol Thorchain, and Ethereum Classic (ETC -3.90% ), possibly driven by...

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