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Cryptomarket Valuation and Opinion 01-14-22

Market Data Highlights

Bitcoin opens at $42K. It hits lowest at $41K and highest at $43K and stable around $42K ~ $43K. The average transaction fee is $1.62 which is a 10.99% decrease from 01-13-22. Fear and Greed level is at 21.

Ethereum opens at $3.2K. It hits lowest at $3.1K and highest at $3.3K and stable around $3.2K. The average transaction fee is $41.74 which is a 18.54% decrease from 01-13-22. Fear and Greed level is at 30.

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 has been down since. I know it is a short turn downward trend and more people are buying into the idea of NFTs. However, be aware of scam projects.

Today’s sentimental news and comments:

Bullish News ?

Russian authorities raid REvil hackers and seize their stolen funds.

Doge jumps on Tesla payment adoption.

Ripple has a successful win on a lawsuit that the SEC must surrender Hinman’s email on Ether.

FTX launches $2B venture fund.

Bearish News ?

Chinese university warns Norton mining and suggestion violating of national crackdown policy.

Future Trend ?

China decouples from Bitcoin.

World of Women Ethereum NFTs enters Hollywood.

Scam Alert ⚠️

Scam: NFT arts

Reason scam: NFT co-creator admitted NFT is a scam

Scam types: fake promotion, rug pull potential, fake arts

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