Market Data Highlights
Bitcoin opens at $43K. It hits lowest at $42K and highest at $44K and stable around $42K ~ $43K. The average transaction fee is $1.82 which is a 2.67% decrease from 01-12-22. Fear and Greed level is at 21.
Ethereum opens at $3.0K. It hits lowest at $3.2K and highest at $3.4K and stable around $3.2K. The average transaction fee is $51.24 which is a 9.79% decrease from 01-12-22. Fear and Greed level is at 31.
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 volume is down again. However, the sale continues rising up. Another cycle of NFTs season is coming.
Today’s sentimental news and comments:
Bullish News ?
DeFi Alliance becomes a DAO after raising $50M.
Bank of America envisions Solana becoming the “Visa of Crypto” since it took some shares from Ethereum and its advantage on total transactions per second (TPS) has been outperformed Ethereum.
Bearish News ?
North Korean hackers target crypto startups as their cybercrime campaign operates for months.
Robinhood will not follow Coinbase to put company cash in cryptos yet.
Inflation in the US has surged. Same as people who join the Bitcoin force.
Future Trend ?
China decouples from Bitcoin.
World of Women Ethereum NFTs enters Hollywood.
Scam Alert ⚠️
Scam: 50+ tokens listed for potential rug pull (link)
Reason scam: scam tokens, scam investment, and with unlimited supplies of tokens
Scam types: fake promotion, rug pull potential, fake tokens
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