Market Data Highlights
Bitcoin opens at $48K. It hits lowest at $46K and highest at $49K and stable around $47K ~ $48K. The average transaction fee is $2.00 which is a 11.11% decrease from 12-14-21. Fear and Greed level is at 29.
Ethereum opens at $3.8K. It hits lowest at $3.6K and highest at $4.0K and stable around $3.9K. The average transaction fee is $25.33 which is a 5.43% decrease from 12-14-21. Fear and Greed level is at 37.
Also, you can view my 1 min video summary if you want to skip the reading:
Here are some highlights to support my analysis:
NFT market highlights:
The NFT market is weak. The crypto market was scared by the Fed meeting which I did not see any benefits and it recovered after the Fed announced they did not care about crypto disruption.
Today’s sentimental news and comments:
Bullish News ?
Jack Dorsey and Jay-Z work on board to launch the Bitcoin endowment.
Swiss Bank launched a Gold-Backed digital token.
Rarible integrates Tezos NFTs.
Bearish News ?
The Fed will have 3 rate hikes in 2022.
Lack of regulatory clarity will be the norm in the crypto market.
Future Trend ?
The US government monitors the Bitcoin lightning network.
The Fed chair says he isn’t concerned about crypto disrupting financial stability in the US.
Scam Alert ⚠️
Scam: xxxx.io tokens
Reason scam: scam tokens either from fake airdrops or force to send into your wallet
Scam types: fake smart contract tokens that require to be active when users trade them and create a portal to transfer wallet funds away
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Thanks for reading and see you tomorrow!