Crypto NewsCryptoMarket Daily UpdatesUncategorized

Cryptomarket Valuation and Opinion 12-08-21

Market Data Highlights

Bitcoin opens at $50K. It hits lowest at $48K and highest at $51K and stable around $50K ~ $51K. The average transaction fee is $1.92 which is a 18.30% decrease from 12-07-21. Fear and Greed level is at 28.

Ethereum opens at $4.3K. It hits lowest at $4.2K and highest at $4.4K and stable around $4.3K. The average transaction fee is $33.18 which is a 11.52% decrease from 12-07-21. Fear and Greed level is at 39.

NFT market highlights:

The NFT market is up and down. I think people are getting over the NFT market. Although it may drive the future of crypto growth, it is taking a break now.

Today’s sentimental news and comments:

Bullish News ?

Coinbase stores 12% of the worlds’ total crypto according to its CFO.

OpenSea community does not work the company to IPO.

Shiba trend has dropped as its Google searches fall 92% since October.

Bearish News ?

CBDCs in Europe trial has been successful in France and Switzerland.

CFTC commissioner wants more clarity due to Crypto regulation enforcement. There is a power struggle between the SEC and CFTC.

Future Trend ?

Crypto CEOs are testimonies in Congressional hearings. The government starts to pay more attention to the crypto industries.

Cardano testing ERC-20 converter with AI tokens. Cardano may lead the technology advancement in the future.

Scam Alert ⚠️

Scam: Booster

Reason scam: connect wallet and steal safemoon tokens

Scam types: fake wallet, stealing code embedded

Thanks for reading and see you tomorrow!

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