Market Data Highlights
Bitcoin opens at $41K. It hits lowest at $40K and highest at $42K and stable around $41K ~ $42K. The average transaction fee is $2.40 which is a 8.40% decrease from 01-06-22. Fear and Greed level is at 10.
Ethereum opens at $3.1K. It hits lowest at $3.0K and highest at $3.2K and stable around $3.1K. The average transaction fee is $40.24 which is a 3.38% decrease from 01-06-22. Fear and Greed level is at 18.
Also, you can view my 1 min video summary if you want to skip the reading:
Here are some highlights to support my analysis:
NFT market highlights:
The NFT market is up and the crypto market continues going down. The weekend is a critical time to test the current level.
Today’s sentimental news and comments:
Bullish News ?
Rarible launches tool to block risky Etthereym NFT sale orders on OpenSea.
PayPal wants its own stablecoin but how much it will be worth is the core question.
Bearish News ?
Half a billion dollars in liquidations aimed to prepare the worse to come.
Future Trend ?
Crypto regulation concerns make decentralized stablecoins attractive to Defi investors.
Spanish lawmaker proposes to turn the country into a Bitcoin mining hub.
Scam Alert ⚠️
Scam: Fake airdrop coins
Reason scam: scam airdrop to steal tokens from your wallet once you want to sell
Scam types: fake promotion, rug pull potential, fake token
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