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Cryptomarket Valuation and Opinion 12-10-21

Market Data Highlights

Bitcoin opens at $47K. It hits lowest at $47K and highest at $50K and stable around $47K ~ $48K. The average transaction fee is $2.00 which is a 0.99% decrease from 12-09-21. Fear and Greed level is at 24.

Ethereum opens at $4.1K. It hits lowest at $3.9K and highest at $4.2K and stable around $4.1K. The average transaction fee is $28.17 which is a 2.32% increase from 12-09-21. Fear and Greed level is at 34.

Here are some highlights to support my analysis: 

NFT market highlights:

The NFT market is slow and Defi market has tanked. While the stock market is reaching an all-time high. Institutional investors once again find a solution to influence the crypto market.

Today’s sentimental news and comments:

Bullish News ?

Bitcoin hash rate backs to its new all-time high.

Bearish News ?

Bitcoin miners hold Bitcoin and put it into reserves. Lack of liquidity may give institutional investors gain advantage to influence the market. That is why the price action is weak at the moment.

Solana got another network outage. Its blockchain does not function at its full potential yet.

Squid game scam token creators buy $125M worth of SHIB. How we can do to sanction these scammers?

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: Scam Twitter and Telegram Bots

Reason scam: scam attacked token creator

Scam types: scam bots

Thanks for reading and see you tomorrow!

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