Crypto Daily Report – October 7

Oct 7, 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 7, 2022 THIS MESSAGE IS SENT SOLELY TO MEMBERS OF FS INSIGHT Tickers on this report: BNB, BTC, DAI, DXY, ETH, ETHBTC, MKR, QQQ, SPX, XRP Market UpdateFS Insight Digital Asset Research TeamEquities are down following a strong September jobs report. The U.S economy added 263,000 jobs bringing the unemployment rate down to 3.5% from 3.7%. The $SPX lost 2.54% and $QQQ is down 3.51% as investors evaluated how the Federal Reserve will react to a tightening labor market despite continued rate hikes. The US 10Y jumped to 3.86% while the $DXY is up 0.26%. The global crypto market cap is down 2.4% as $BTC (-3.2%) looks to hold the $19,400 l

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We are finally starting to see some relief in interest rates and the DXY 0.00% following yesterday's FOMC meeting and the Treasury's quarterly refunding announcement. BTC 0.88% has rebounded from yesterday's low of $56.5k and is now trading just above $59k, while ETH 1.21% is attempting to break through $3k resistance. SOL 0.68% has outperformed, gaining 10% compared to BTC yesterday and is now trading just below $140. The market is showing decent breadth...

We are witnessing a continuation of the recent weakness in crypto markets today, with BTC 0.88% now testing $60k, ETH 1.21% just below $3k, and SOL 0.68% dipping under $130. The broader altcoin market is experiencing even more pronounced declines, with very few names posting a green candle today. The market was pushed lower in the overnight hours following a disappointing debut from the Hong Kong ETFs (more on that below). However, this...

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