Market Data Highlights
Bitcoin opens at $50K. It hits lowest at $47K and highest at $50K and stable around $49K ~ $50K. The average transaction fee is $2.02 which is a 5.21% increase from 12-08-21. Fear and Greed level is at 29.
Ethereum opens at $4.4K. It hits lowest at $4.0K and highest at $4.4K and stable around $4.1K. The average transaction fee is $27.53 which is a 17.03% decrease from 12-08-21. Fear and Greed level is at 41.
Here are some highlights to support my analysis:
NFT market highlights:
The NFT market continues cooling down. The Defi is cooling down too. The crypto market is down which is dragged by the stock market. The economic forecast is not looking great.
Today’s sentimental news and comments:
Bullish News ?
70% who made in Forbes under 30 in 2021 list are from the crypto industry.
MicroStrategy bought another dipped of $82M.
Bearish News ?
Evergrande’s debt default sparks fears in the market and may trigger a sell-off in crypto and the stock market.
Craig Wright made a lawsuit about himself becoming Satoshi which jury disagreed with him and slap him with $100M even though he does not have the private key for Satoshi’s account.
Bitstamp delay lists of Shiba as its meme trend has gone down since October.
Future Trend ?
WhatsApp implements crypto transactions as Meta prepares to enter deeply into crypto.
Microsoft injects 427M investment in crypto startup Palm NFT studio.
Scam Alert ⚠️
Scam: Digifinex
Reason scam: fake token releases without creators authorization
Scam types: fake exchange, fake token release
Thanks for reading and see you tomorrow!
the market keeps on fluctuating yet another day and day ends at decline again bitcoin falls under $50k and ethereum too falls 5%. But i think still that bitcoin and ETH are the ones for ling term as bitcoin is predicted to get to half a million dollars in next ten years. i mean that’s good and ETH is promising as it is accepted in buying and selling of nft’s. so they bot are really good investments and people should hold themselves in there for a decent amount of time.
Agree!