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Cryptomarket Valuation and Opinion 12-03-21

Market Data Highlights

Bitcoin opens at $56K. It hits lowest at $53K and highest at $57K and stable around $56K ~ $57K. The average transaction fee is $3.34 which is a 17.94% decrease from 12-02-21. Fear and Greed level is at 31.

Ethereum opens at $4.4K. It hits lowest at $4.1K and highest at $4.6K and stable around $4.2K. The average transaction fee is $41.76 which is a 18.83% decrease from 12-02-21. Fear and Greed level is at 43.

Here are some highlights to support my analysis:

NFT market highlights:

The NFT market lost steam. The market sell-off intensifies. I bet the weekend will recover some. The economy of the future is looming.

Today’s sentimental news and comments:

Bullish News ?

Charlie Munger calls crypto crazy and wishes it had never been invented. It revealed how Billionaire is fearful of losing its dominance in the future.

Bearish News ?

New 39K Bitcoin has entered the exchange over the past 24 hours to push Bitcoin price in bearish mode.

Dogecoin is out of the top 10 cryptos as Luna has pushed it away.

Someone paid 149 ETH or $650K for a virtual boat ride in Metaverse.

Americans lost $3.5M per day between Q1 to Q3 2021 in investment-related cyberattacks.

Future Trend ?

Wall Street eyes on Bitcoin-backed Loans as a new way of financial instrument.

The SEC wants crypto to be securities.

NFT ETF is alive.

Scam Alert ⚠️

Scam: Celsius

Reason scam: lost from hacking incidents of approximately $54M or a little under 1/2 of BadgerDAO

Scam types: uncover lost funds from customers, potential go out of business

Thanks for reading and see you tomorrow!

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