Market Data Highlights
Bitcoin opens at $41K. It hits lowest at $41K and highest at $42K and stable around $41K ~ $42K. The average transaction fee is $1.81 which is a 21.98% decrease from 01-08-22. Fear and Greed level is at 23.
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 $43.45 which is a 40.03% increase from 01-08-22. Fear and Greed level is at 23.
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 ignoring the crypto market now. It just has one direction: UP!
Today’s sentimental news and comments:
Bullish News ?
Tesla owners convert idle cars to Bitcoin mining machines.
Bearish News ?
LCX exchange got hacked and $6.8M got transferred to hackers’ wallets.
Polygon experiences a high gas fee that defeats its purpose on layer 2 functions.
Insiders sold Coinbase stocks aimed at the market downtrend.
Future Trend ?
Vitalik Buterin suggests a new fee structure for the Ethereum network.
Shanghai wants to convert into Metaverse city in the next five years.
Scam Alert ⚠️
Scam: MetaFloki Token
Reason scam: scam tokens with no value, inactive in trading
Scam types: fake promotion, rug pull potential, fake token
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