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Cryptomarket Valuation and Opinion 01-07-22

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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