Crypto NewsCryptoMarket Daily UpdatesUncategorized

Cryptomarket Valuation and Opinion 12-05-21

Market Data Highlights

Bitcoin opens at $49K. It hits lowest at $47K and highest at $49K and stable around $48K ~ $49K. The average transaction fee is $3.59 which is a 44.75% increase from 12-04-21. Fear and Greed level is at 18.

Ethereum opens at $4.0K. It hits lowest at $4.0K and highest at $4.2K and stable around $4.0K. The average transaction fee is $47.62 which is a 0.00% increase from 12-04-21. Fear and Greed level is at 31.

NFT market highlights:

The NFT market recovers along with the crypto market. The road to recovery is steep. The downside of institutional adoption is that when it sold off, it is slow to recover back.

Today’s sentimental news and comments:

Bullish News ?

Bitcoin lightning network nodes grow 23% within 3 months. The more nodes, the more traffic with a more secure network.

Bearish News ?

Bitmart hacked and lost about $196M. Crypto exchanges continue facing challenges on hacking attacks.

Institutions took crypto profits amid a shaky macro picture. The crypto market is more mature yet influenced by institutional investors.

Future Trend ?

The traditional market faces another bigger challenge on Chinese real estate default. It may create a ripple effect on the crypto market.

dYdX breaks 45 transactions per second. Payment speed does matter.

Scam Alert ⚠️

Scam: Askara

Reason scam: Discord scam game, steal Minecraft account and tokens

Scam types: code embedded of stealing function, fake game

Thanks for reading and see you tomorrow!

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