Demand for Bitcoin Blockspace Remains Elevated, Uniswap Vote Stirs Debate

Feb 6, 2023
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 ReportFebruary 6, 2023 THIS MESSAGE IS SENT SOLELY TO MEMBERS OF FS INSIGHT Tickers on this report: ATOM, BNB, BTC, DXY, ETH, LDO, NDQ, REP, RPL, SOL, SPX, UNI, VIX Market UpdateSean Farrell Head of Digital Asset StrategyEquities declined Monday morning, likely prompted by caution over increased hawkishness from the Fed following the strong US jobs report on Friday. The $SPX is down 0.4%, while the $NDQ is trading 0.5% lower. Bond yields increased, with the 10-year yield rising by 9 BPS and the 2-year adding 14 BPS. The $DXY (+0.5%) and the $VIX (+6.0%) have also ticked higher on the day. Meanwhile, the crypto market is rebounding quite nicely

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We are witnessing a continuation of the recent weakness in crypto markets today, with BTC 4.10% now testing $60k, ETH 3.48% just below $3k, and SOL 12.91% 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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